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Pakistan International Airlines was put to a halt due to lack of fuel on October 22 after Pakistan State Oil (PSO) cut the airlines’ fuel supply. Seventy-seven flights were cancelled, the Dawn reported.
The two state agencies were at odds with one another for the second time in less than seven days. PSO argues that the lack of fuel for PIA aircraft is due to growing unpaid dues.
The airlines is bearing a loss of Rs 750 billion and has been a subject to recurring crises.
On October 22, 81 flights — 52 on foreign and 29 on local routes — were scheduled to depart from the national carrier. A spokesperson stated that all overseas flights were canceled except of four.
Indian airline Akasa Air plans to list on the stock exchange by the end of the decade, according to CEO Vinay Dube. The airline, which currently operates domestic flights to 16 destinations, plans to expand internationally by the end of the fiscal year and has placed an order for 76 Boeing 737 MAX aircraft. Dube stated that the company is generating free cash from operations and is well-funded for the new aircraft order.
According to the spokesperson, flights from Lahore to Toronto and Kuala Lumpur, and from Islamabad to Beijing and Istanbul took off on October 22.Late at night, the spokesman reported that flight operation had been partially resumed and that flights to Jeddah were now leaving from Karachi, Islamabad, Lahore, and Multan.
He continued that another aircraft had also left Islamabad for Riyadh.
A specific schedule for the privatisation of PIA was established during a meeting of the Privatization Commission last month. The government sought to sell off the losing state institution as quickly as possible, but no additional information was provided regarding the timing.
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