PIA Privatization EU Lifts Flight Ban
According to sources within the Privatization Commission, the national flag carrier has been severely impacted by the restrictions.
The ban on PIA flights to European destinations has resulted in a significant loss of revenue, with the airline’s financial woes exacerbated by the COVID-19 pandemic.
The Civil Aviation Authority has also suffered a loss of around Rs 250 billion due to the ban on European routes.
However, sources within the Privatization Commission have revealed that efforts are underway to restore PIA’s routes to the UK before privatization. The successful restoration of these routes is expected to be a huge milestone in the privatization process.
Additionally, negotiations are ongoing for the sale of PIA under the GTJG agreement.
Yesterday, in a major development, Aviation Minister Khawaja Asif said that the European Union (EU) has lifted the ban on PIA flights to Europe.
According to Asif, the European Aviation Authority on Friday accepted the Civil Aviation Authority’s (CAA) request to lift the ban on PIA flights to the EU.
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Khawaja Asif stated that the removal of the ban will help expedite the PIA privatization process, as the rating of the national flag carrier has significantly improved.
In a statement issued on X, the aviation minister wrote: “It is a momentous day to announce that the European Commission and European Union Aviation Safety Agency (EASA) has lifted the suspension on PIA flights to Europe.”
The development came after a comprehensive review by the EU Air Safety Committee, which involved an on-site evaluation of the Pakistan Civil Aviation Authority (PCAA) and sample assessments of Pakistani air carriers.
Pakistan International Airlines (PIA) – News and Updates
It is pertinent to note here that the UK and several other EU countries suspended PIA’s flight operations due to concerns about the authenticity of pilot licenses in 2020.
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