videonewsasia.com PAKISTAN INTERNATIONAL AIRLINE

PAKISTAN INTERNATIONAL AIRLINE

Local News Islamabad, Karachi, Pakistan

News ID : 94349 Video Version : 1 Script Version : 1

File Size : 22.50 KB duration0:36

Headline

The Pakistan national airline cancels 349 flights due to a shortage of fuel

Intro

Pakistan International Airlines (PIA) has been plunged into chaos as it announced the cancellation of 349 flights over the last two weeks due to a severe shortage of fuel

Story

Pakistan International Airlines (PIA) has been plunged into chaos as it announced the cancellation of 349 flights over the last two weeks due to a severe shortage of fuel. This crisis has impacted both domestic and international routes, leaving passengers stranded and underscoring the dire challenges faced by the struggling national flag carrier.
The fuel scarcity predicament comes in the wake of Pakistan's commitment to privatize PIA, a move embedded in a fiscal discipline plan agreed upon under an International Monetary Fund (IMF) bailout package that took effect in June. The airline's mounting financial losses and liabilities had prompted the caretaker government to conclude that it could no longer financially support the beleaguered carrier.
PIA's flights have been in a state of disarray, with rescheduling becoming a daily ordeal, and the airline remains uncertain about when this crisis might be resolved. In a statement, PIA announced that "flights are being scheduled as per the availability of fuel," hinting at the magnitude of the problem.
The airline's fuel woes can be traced to an ongoing dispute with the Pakistan State Oil company (PSO). The PSO has halted its credit line for supplying fuel to PIA, demanding daily advance payments instead. This has further strained PIA's already dwindling financial resources, making the road to recovery an arduous one.
As passengers wait for a glimmer of hope, PIA has indicated that Canada, Turkey, China, Malaysia, and Saudi Arabia will be prioritized when flight operations resume. Additionally, the airline has pledged to keep passengers updated on flight schedules.
It is worth noting that PIA's flights to Europe and the UK have been suspended since 2020, following the European Union Aviation Safety Agency's decision to revoke the airline's authorization to fly to the bloc due to a pilot license scandal.
The future of Pakistan International Airlines hangs in the balance, with financial turmoil, fuel shortages, and privatization plans converging in a critical moment in the airline's history. The fate of this national carrier will continue to be a topic of concern, both domestically and internationally.

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