Route network update for PIA – Pakistan International Airlines

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Pakistan’s PIA suspends flights to Saidu Sharif airport

16.07.2021 – 14:32 UTC

PIA – Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int’l) has suspended flights between Islamabad Quaid-e-Azam Int’l and Saidu Sharif due to lack of demand, a spokesperson for the airline company.

This comes just four months after the national carrier resumed flights to Saidu Sharif on March 26 after an absence of 17 years. It had announced bi-weekly flights from Lahore Int’l and Islamabad respectively, but all flights to Saidu Sharif are now blocked on the airline’s website, according to ch-aviation.

The airport is located near the Swat River and between the villages of Dherai and Kanju in Khyber-Pakhtunkhwa (KPK) in the northwest region of the country along the Afghanistan-Pakistan border. Saidu Sharif has an asphalt track, 05/23, measuring 1750 meters.

PIA spokesman Abdullah H Khan said the airline’s decision to suspend flights was not influenced by security reasons.

“Despite operating for many months, the flight loads have not increased as people and tour operators prefer the newly built road infrastructure which now takes 2.5 hours from Islamabad. Therefore, PIA has …

Pakistani company Alvir Airways obtains OL and considers ERJs

15.07.2021 – 15:24 UTC

Pakistani start-up Alvir Airways (Karachi Int’l) has been granted an operating license for the promotion of tourism and regional integration (TPRI) from the Civil Aviation Authority of Pakistan (PCAA), according to a press release issued by the regulator.

Under the 2019 National Aviation Policy, the license is valid for five years until June 2026, according to the statement released by PCAA spokesperson Saad Bin Ayub.

Alvir Airways CEO Tehseen Awan confirmed to ch-aviation that the carrier intends to lease two Embraer jets – an E195 and an E145 – to start operations and will add more in the long term.

The airline plans to operate from three hubs in Pakistan namely Karachi Int’l, Lahore Int’l and Islamabad Quaid-e-Azam Int’l to three destinations – Gwadar, Skardu and Turbat – to promote tourism and regional air access. . Alvir Airways will be opposed to PIA – Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int’l) which currently holds 100% of the market share in terms of weekly seats …

Editorial Comment: Updated with comments from Alvir Airways CEO Tehseen Awan. – 18.07.2021 – 18:57 UTC

PIA Pakistan to issue 127 million sukuk this month

06.07.2021 – 03:24 UTC

PIA – Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int’l) will issue a ten-year sukuk later this month, worth up to PKR 20 billion rupees (USD 126.7 million ), including a PKR5 billion (USD31.6 million) greenshoe (over-allotment) option, reveals an abbreviated list of conditions seen by ch-aviation.

The objective of issuing Islamic bonds is to meet its permanent working capital needs and to settle part of its existing financing facilities, both conventional and Islamic, he stressed.

The sukuk will have a two-year grace period and will be repaid in 96 equal monthly installments. Classified as a ‘public sector sukuk’, it will be placed privately and backed 100% by a government guarantee, with BankIslami Pakistan acting as bookrunner, advisor and investment agent associated with the issue.

As previously reported, the president and CEO of the same bank, Amir Ali, raised the possibility of a sukuk “for the aviation industry” in October 2020 without specifically naming the heavily indebted national carrier.

Registration of bidders will take place from July 9 to 12 …

Pakistan’s PIA to replace B777s with A320s

01.07.2021 – 02:28 UTC

PIA – Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int’l) plans to dry lease four A320-200s by the end of 2021, with the first two replacing two B777s in the carrier’s fleet, said sources at The Express Daily Tribune.

The Pakistani national airline recently confirmed that the first two of Airbus’ four narrow-body planes will be dry-leased from Seraph Aviation Management and will be delivered by mid-July and August 2021, respectively. Tender documents from early 2021 seen by ch-aviation indicate that the aircraft will be the msn 7784 and 7792, both built in 2017 and formerly operated by Interjet. They are currently stored respectively at Perpignan and Goodyear airports.

Reports did not indicate which two B777s the airline was planning to replace. According to the advanced ch-aviation fleets module, PIA currently operates six B777-200 (ER) (16.4 years on average), two B777-200 (LR) (16.2 years) and four B777-300 (ER) s (13.6 years).

PIA did not respond to ch-aviation’s request for comment.

The other two A320-200s, whose identity was not either …


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