• Download the Constitution of Pakistan
  • Advertise
Sunday, December 14, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

PIA Dry Leasing 8 New Aircraft for it’s Fleet

by Web Desk
December 3, 2020
in Business, Economy, Main
Reading Time: 2 mins read
0
PIA
Share on FacebookShare on TwitterLinkedinWhatsapp

The Pakistan International Airlines (PIA) has decided to add eight new aircraft to its fleet on dry lease. It is expected that the aircraft with a seating capacity of 170-plus will be delivered from January to December 2021. It will all be economy with soft divider after two rows.

PIA spokesman Abdullah Hafeez Khan has told that the airline was already planning to improve its fleet. The spokesman told that this new aircraft will be a replacement to the older planes in the fleet. And that it was the part of their business plan for the past two years which got pushed back due to reduced demand owing to the Covid-19 pandemic. They have signed an agreement to operate direct and daily dedicated cargo flights to China

According to the reports, the PIA’s fleet comprises 37 aircraft, seven Boeing 777s, nine Airbus 320s and 21 ATRs. Chief Executive Officer Air Marshal Arshad Malik of PIA had said that by 2023, 12 new aircraft will also be added to the fleet. However, PIA and Oriental Sky Aviation Ltd have signed a landmark cargo charter agreement on Wednesday, agreeing to the direct and daily cargo flights between Pakistan and China. The signing ceremony was attended by PIA’s CEO Air Marshal Malik and Chief Commercial Officer Ali Tahir Qasim.

Agreement of PIA

According to the signed agreement, PIA will be operating seven weekly flights to Urumqi (China), with four flights a week which originates from Islamabad and three flights from Lahore. It will be rare as PIA has never worked for daily cargo flights in this sector. PIA spokesperson has also said that during the Covid-19 pandemic, airlines all over the world had faced the demand for air cargo. Also, many airlines were taking advantage of this pandemic and converting their passenger planes to cargo planes.

“PIA is also aggressively pursuing this path and we are evaluating and on a lookout for opportunities to operate dedicated cargo flights to a number of sectors, specifically on China and Central Asian routes.” Air Marshal Malik also praised his commercial team for initiatives to augment the existing revenue at the signing ceremony. He thanked the MD of Oriental Sky Aviation for his patronage of PIA.

Tags: BoeingChinaDry LeasePak-China RelationsPakistan & China RelationsPakistan international airlinePIA

Web Desk

Related Posts

PM shehbaz launches regulatory reforms

PM Shehbaz Says Pakistan Economy Out of Crisis

by Anum Arif
December 13, 2025
0

Prime Minister Muhammad Shehbaz Sharif on Saturday said that Pakistan’s economy has emerged from severe difficulties due to the untiring...

PM urges world to press afghanistan on terror threat

PM Shehbaz Urges Global Action on Afghan-Based Terror Threat

by Anum Arif
December 12, 2025
0

Prime Minister Shehbaz Sharif has urged the international community to press the Afghan Taliban to fulfil their global commitments and...

reko diq pak usa

Reko Diq’s $7bn Financial Close Marks Major Boost in Pakistan–US Economic Ties: Aurangzeb

by Hassan Mustafa Bajwa
December 11, 2025
0

Pakistan has officially reached the $7 billion financial close of the Reko Diq copper-gold project, a milestone that Finance Minister...

PM Shehbaz Sharif

PM Shehbaz departs for Turkmenistan on 2-day official visit

by Hassan Mustafa Bajwa
December 11, 2025
0

Prime Minister Shehbaz Sharif has departed for Turkmenistan on a two-day official visit aimed at strengthening bilateral ties and accelerating...

Crude Oil from America

Oil Prices Steady Ahead of Fed Rate Decision and Ukraine Talks

by Anum Arif
December 10, 2025
0

Oil prices remained steady on Wednesday after sliding nearly 1% in the previous session, as global markets closely tracked the...

Reko Diq

US Approves $1.25bn Financing for Reko Diq Mine

by Anum Arif
December 10, 2025
0

In a major economic breakthrough, the US Export-Import (EXIM) Bank has approved $1.25 billion in financing to support the mining...

Next Post
Optic Fibre

Optic Fibre project worth Rs 38bn under CPEC approved

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters