Pakistan International Airlines (PIA) has suffered a whopping loss of Rs. 1.8 trillion in the past 11 years.
In this period, PIA management faced ‘unjust’ rerouting of flights, political interference, manipulation by trade unions, and flights usage by heads of state and government.
During a meeting last month, PIA chief executive officer (CEO) revealed that while explaining the losses bore by the national airline during 2008-18.
He said that the PIA underwent a loss of Rs. 1,872 billion in the past 11 years. The airline operated 50 flights for heads of state and government in 2012-17, which led to a loss worth billions of rupees.
Another reason for losses incurred by PIA has been identified as surplus staff. The government intends to introduce a Voluntary Separation Scheme (VSS) for the PIA employees.
The Aviation Division presented a strategic business plan for PIA before Prime Minister Imran Khan on April 4, 2019. The PM approved the VSS and the liquidity requirement for mark-up payments.