PIA to add 8 aircraft to its fleet in 2013 – Alfalah Securities Limited

Karachi, November 29, 2012 (PPI-OT): Pakistan International Airlines (PIA) is planning to add 8 Airbus aircraft to its fleet in 2013 where five Airbus aircrafts will be added during the first half of 2013, while three such aircrafts will be acquired during the second half of 2013.

According to Alfalah Securities Limited, the new aircrafts are likely to be fuel efficient leading to cost saving for PIA. PIA is also considering a proposal to outsource non-core operations in order to reduce employee-to-aircraft ratio which is presently 485 employees per aircraft. A business plan is being framed in order to attain a break-even by the end of 2013 which is apparently a difficult task to achieve.