Author Topic: PIAA -- Pakistan International Airlines Corp  (Read 132346 times)

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Toshi

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PIAA -- Pakistan International Airlines Corp
« Reply #-1 on: October 10, 2008, 02:51:06 PM »
All About Pakistan International Airlines Corp.
« Last Edit: December 25, 2012, 05:30:25 PM by M&M »

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PIAA -- Pakistan International Airlines Corp
« Reply #-1 on: October 10, 2008, 02:51:06 PM »

Offline Honda 125

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Re: PIAA -- Pakistan International Airlines Corp
« on: October 23, 2008, 09:10:31 AM »
PIA engineers eye lucrative exit ahead of Hajj
 
Thursday, October 23, 2008
By Saad Hasan

KARACHI: Induction interviews of aircraft engineers conducted by a Gulf-based aircraft maintenance company here on Wednesday attracted many engineers of Pakistan International Airlines (PIA), airline officials told The News.

The company, Abu Dhabi Aircraft Technologies, is seeking to induct engineers and technicians from Pakistan because of the low salary structure of their jobs in the country. “This would be devastating for the airline, which has already lost many senior engineers,” an airline official said, adding the weak financial position of the national flag carrier was denying career progress to its employees.

This development follows a meeting of the Society of Aircraft Engineers of Pakistan (SAEP), representing mostly PIA employees, which demanded an increase in salaries as agreed with a previous management. A SAEP press release said that engineers at the meeting, held on Tuesday night, agreed that the society must not relax its position towards ensuring speedy increase in remunerations.

“Demand package was submitted during the days of the previous chairman and after a lapse of six months, the management is still asking for more time to do their working before arriving at any conclusion,” it added. It said the PIA Engineering Department was earning revenue for the corporation through third party aircraft maintenance.

“But due to the continuous alarming turnover rate of engineers leaving the corporation, it is very difficult even to maintain PIA’s own fleet.” SAEP said the meeting with the management scheduled over the weekend must be final.

When a senior SAEP member was asked to explain how a loss-making PIA could afford to increase salaries, he said cost of human resource consumes a minimal part of revenues as compared to other international carriers. SAEP has around 700 members. He said PIA Managing Director Aijaz Haroon has refused the demand of SAEP saying liquidity has drained out of the airline.

Meanwhile, Haroon lamented that employees were using threatening tactics when the airline needs collective efforts to pass through this difficult time. “It is regrettable that engineers are using a threatening tone just a week before the Hajj operation is supposed to start,” he said, adding that the government’s decision of allowing labour union activity must not be mistaken for a free-for-all.

He said the management has submitted a business plan which will lift the airline from its president crisis situation. “I am convinced that we will succeed in achieving that, provided that we work together.”

Offline Honda 125

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #1 on: October 24, 2008, 09:19:21 AM »
PIA all set to start flights from Sialkot airport
 
Friday, October 24, 2008

SIALKOT: National flag carrier Pakistan International Airlines (PIA) has finalised all arrangements for commencing twice-weekly international flights from the Sialkot International Airport.

PIA’s District Sales Manager Khalid Hameed, talking to APP here on Thursday, said that PK-253 will take off for Abu Dhabi at 11.30 am from the Sialkot airport on October 26, and will return at 7.10 pm.

Direct flight on the Sialkot-Muscat section will commence on October 29, he said, adding that Abu Dhabi and Muscat-bound flights are fully booked which is a healthy omen for the national carrier as well as trade and commerce.

A large number of overseas Pakistanis and members of the business community from Gujranwala, Gujarat, Narowal, Jehlum and other adjoining areas as well as Mirpur, Azad Kashmir will benefit from the new service, he added. PIA is already operating flights on Sialkot-Kuwait and Sialkot-Karachi routes.

Meanwhile, airport sources here disclosed that Qatar Airways will also operate a cargo flight from here on October 27. Air traffic of the region is estimated at 446,000 passengers per year, which is expected to increase by 6 per cent per annum, while the current air cargo is around 24,000 tonnes per year, expected to increase to 53,000 tonnes by the year 2014.

Sialkot International Airport handled almost 14,000 tonnes of cargo in the first year of its operation.

Offline Honda 125

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #2 on: April 24, 2009, 09:04:58 AM »
Standoff between PIA and pilots resolved
 
Friday, April 24, 2009
By M Farhan Zaheer

KARACHI: The seven-day standoff between Pakistan International Airlines (PIA) and Pakistan Airline Pilots’ Association (PALPA) was finally resolved on Thursday.

PALPA Vice President Captain Sohail Baluch told The News “our aim was to implement a working agreement which includes all our demands by 30 June 2009, but now with the management’s approval we have agreed that the working agreement will be implemented by July 30, 2009.

“We are satisfied with our meeting with the Ministry of Defence. We hope that all our demands will be met according to our wishes,” he reinforced.

PIA Spokesman Syed Sultan Hasan said that the standoff between PALPA and the PIA management has been resolved in the meeting in Islamabad. However, details of the meeting will be made public later.

When asked how many national and international flights were cancelled or postponed during the strike, he said, “Some 16 international flights were cancelled along with the same number of domestic flights. Similarly, some 12 flights were rescheduled or delayed during April 17 to April 23.”

The meeting was convened in Islamabad between PIA and PALPA along with defence ministry officials, which ultimately proved to be fruitful.

Toshi

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #3 on: December 08, 2009, 08:39:18 AM »
PIA to install Wavetec queue system in 5 cities

KARACHI: To create an organised and efficient waiting area in their head offices, Pakistan International Airlines published a tender for the supply and installation of Electronic Queue Management System (eQ System) for their offices in Karachi, Lahore, Islamabad, Rawalpindi and Peshawar. It took over six months to gain confidence from PIA to handover the tender to Wavetec as the market is extremely competitive. staff report

Toshi

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #4 on: December 30, 2009, 07:24:44 PM »
Alliance between PIA, PRI to boost remittance inflows

KARACHI: Strategic alliance between Pakistan Remittance Initiative (PRI) and Pakistan International Airlines (PIA) would contribute towards the enhancement of remittance flows through official channels and help the government to achieve the goal of formalizing the remittance market in the country.

Federal Minister Finance, Shaukat Tareen said this while addressing a MoU signing ceremony between PRI and PIA held at State Bank of Pakistan here on Tuesday. Tareen urged the overseas Pakistanis to make sure that they are transferring their hard-earned income through official channels into Pakistan.

He said that he was confident that PRI would usher in a new era in the realm of worker’s remittances and reach the ultimate destination of highest efficiency and maximum satisfaction levels. “The performance of PRI has been commendable since its inception and I am confident that they would continue to work with same commitment and dedication to achieve the desired objectives,” he added.

Tareen said that the trend of remittances received in last five months of this fiscal year shows an increase of around 30 percent over the similar period in the last fiscal year. However, he pointed out that the success of PRI does not lie in month-to-month numbers, rather its objective is to lay the foundation of a permanent structure whereby there would be: end-to-end efficient systems, maximum satisfaction of remitter & beneficiary, highest degree of commitment of the financial sector, and the inclusion of such ingredients into the policy framework for PRI whereby the consistent political will should become a norm rather than an exception.

He said that there are a number of cyclical and environmental factors which affect the flow of remittances in either way. Therefore, the performance of PRI cannot be judged from the month-to-month numbers, at least in the short term, he said and added that their performance, however, will be evaluated, amongst others, by the remittance flows in to the country in a given fiscal year.

Tareen highlighted the role of financial sector in the national cause of formalizing remittance market in Pakistan and said that it is quite satisfactory to note that the banks have started to improve their infrastructure and related systems with a view to offering better remittance services. He warned the banking system about the symptoms of complacency. He advised the financial sector that they should thoroughly review their existing customer base and immediately terminate the banking relationship with those who are suspicious to be associated with illegal foreign exchange business.

He also applauded the role of law enforcement agencies, especially the FIA in taking stern actions against illegal foreign exchange operators which has played a vital role in the rising trend of remittances in Pakistan. “Accordingly, we have mutually decided to give monetary reward to FIA officials associated with the law enforcement actions against illegal foreign exchange operators,” he added.

Farooq Sattar, the Federal Minister for Overseas Pakistanis, said that PRI is moving ahead with the plans and achieving the milestones one by one. The MOU between PRI and PIA is a part of the overall plans set for PRI a few months back, he added.

Sattar pointed out that mainly there are two major factors behind the use of informal channels, which include the lack of awareness of overseas Pakistanis about the formal channels and, secondly the propaganda by the operators of informal channels that official channels are inefficient. “Now through PRI, we are not only creating awareness about the formal channels but are also improving the systems whereby swift delivery of remittances could be possible,” he added. He said that now overseas Pakistanis are increasingly moving towards official channels and are enjoying the incentives being offered to them i.e. no charges on remittances, better exchange rate, swift delivery etc.

Syed Salim Raza Governor State Bank of Pakistan said that despite steady rise in the aggregate remittances there still exists considerable untapped potential and room to improve upon the service levels for overseas Pakistanis and for their families back home.

He informed the participants that remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $3,832.64 million was received in the first five months (July-November) of the current fiscal year 2009-10, showing an increase of $866.13 million or 29.20 percent over the same period of the last fiscal year. “This trend is very encouraging and if the same continues we will be ending up the current fiscal year with more than $9 billion,” he added.

Raza said that PRI-PIA MoU is aimed at a strategic long-term alliance for the purpose of catering to the needs of Pakistani citizens living overseas including the need of such Overseas Pakistanis to travel to and from Pakistan and to facilitate the flow of remittance of such Overseas Pakistanis. He said that two organizations will work in a phased manner and in the first phase PRI will announce a scheme for Overseas Pakistanis under which initially 100 free return air tickets will be given by PRI through the lucky draw each month.

Offline alikhan_2010

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #5 on: February 01, 2010, 03:37:54 PM »
Brothers PIA gain almost 50 paisa, currently at 3 rs and rumour in the market is that it should touch 5 rs soon, Is it right time to jump in it, Plz comment

Offline Ashar Shaikh

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #6 on: February 01, 2010, 11:33:07 PM »
avoid, no matter it goes to upper lock tommrow. No call

Offline Research Doctor

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #7 on: February 02, 2010, 12:16:33 AM »
Ali khan avoid ker lo to tmharay liye acha ho ga............ warna kai din dukhi raho gay......

Offline Mr.TOOL

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #8 on: March 05, 2010, 08:42:36 PM »
TRUST IN GOD AND DO THE RIGHT.

adildhedhi

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #9 on: March 11, 2010, 01:59:19 PM »
What about PIAA? :biggrin:

Offline Farzooq

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #10 on: March 11, 2010, 02:28:31 PM »
What about PIAA? :biggrin:

sell on strength
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Offline Karuli

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #11 on: March 12, 2010, 07:41:31 PM »
The Pakistan International Airlines (PIA) is in desperate need of financial injection to make the national flag carrier a viable entity, a brief forwarded to the Senate standing committee on Defence and Defence Production said.

The committee was informed that PIA was planning to start Quetta – Zahidan – Quetta flights from October, whereas it wanted to capture the large pilgrims passengers share to Iran, Iraq and Syria.

It said that financial support was needed to increase the number of aircraft in the fleet.

The PIA management said that there were three options for improving its liquidity which include financial injection by the government, dollar-based fleet loans conversion into rupee loans and conversion into equity the non-fleet loans. The airline has sought conversion of non-fleet loans worth Rs45 billion and foreign exchange loans worth $250 million.

It suggested that the mark-up rates be fixed as high as 3 month KIBOR for rupee dominated loans and 3 month LIBOR plus 3.75 per cent for the dollar loans and 5.28 per cent for fixed dollar loans.

The PIA management has said that if the said package was approved the national flag carrier would benefit from saving the interest cost, positive net equity and improved ratios, increase in market capitalisation and better future financial flexibility.

It also said that the respective governments in the region had approved bailout packages for Air India and Japan Airlines as the year 2009 has been the worst year in the aviation history.

It also said that the respective governments have approved bailout package for Air India and Japan Airlines as the year 2009 has been the worst year in the aviation history.

For the year 2010 the management has projected a loss of Rs11.10 billion, but the brief had also said that PIA capability to improve its operational performance.

However, it will demand full commitment not only from its employees, management but also from its stakeholders to achieve self-sustenance.

“Due to low margins in airline industry, PIA operations on its own cannot support the huge burden of financial cost especially on account of non-fleet loans,” the brief presented to the senate body said

adildhedhi

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #12 on: March 15, 2010, 01:14:37 PM »
Kal Piaa ki bod meeting hai kia lagta hai Piaa ki earning positive aaegi?

Offline Karuli

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #13 on: April 02, 2010, 07:05:41 PM »

Offline asimsaim

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #14 on: August 14, 2010, 02:09:48 AM »
Hey Guys check PIAA,  how's at the rate of PKR 2. ~ 2.10.   The charts is quite good looking .  pls post something on fundamentals.

Offline Heart Breaker

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #15 on: October 27, 2010, 09:54:31 PM »
laaaaooooo 5 PIAA fly with PIAA

Offline knisar

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #16 on: October 28, 2010, 02:08:37 PM »
laaaaooooo 5 PIAA fly with PIAA

kab tak 5 expected hai?

Offline AIS

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  • oh bhai poora lao...
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Re: PIAA -- Pakistan International Airlines Corp
« Reply #17 on: January 25, 2011, 09:08:23 PM »
laaaaooooo 5 PIAA fly with PIAA

Now three months have passed...when will PIAA touch 5?
Keep an eye on the market but focus on the companies.

Offline Manzoor Khan

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Re: PIAA -- Pakistan International Airlines Corp
« Reply #18 on: January 25, 2011, 09:19:11 PM »
laaaaooooo 5 PIAA fly with PIAA

Now three months have passed...when will PIAA touch 5?
its 2010  it will touch 5 in 5555