12/02/12, 14:05:34 EST

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Pakistan's major airline suffers disappointment

malaysiasun.com

The head of Pakistan International Airlines (PIA)is puzzled, six months into the job, why the business isn’t turning around.

Losses since the start of 2006 exceed half a billion dollars and PIA chairman Zafar Ahmad Khan says he is 'confused and disappointed'.

The total loss is about 2.5 times the market capitalisation of the state-run company.

Mr Khan is now convinced the airline will need to come up with a new game plan and new techniques.

He says for now, PIA's top priority was safety and a fleet replacement plan to help reduce costs by getting rid of old, fuel guzzling aircraft.

PIA plans to replace its Boeing 737-300 fleet with seven new Airbus A320-200s. Deliveries are expected in 2009.

 Printable Version  | published Nov 04, 2007