PIA to acquire 8 aircraft

Islamabad—As part of its revival plan Pakistan International Airlines (PIA) has decided to increase the number of inland and out-bound flights by acquiring at least eight wide-body aircraft from the international market. According to official sources, the PIA will immediately require eight aircraft, four each on wet-lease and dry-lease basis. The four aircraft being acquired on wet-lease basis, may have capacity of 250 plus passengers, including 24 business class seats. The fleet will be made available by mid of December this year. The lease term will be for three months (extendable) tenure with 300 guaranteed Block Hours per aircraft per month is required to be met with. The vintage should be 2012 onwards. Similarly, the four aircraft to be acquired on the dry-lease will also have capacity of 250 plus passengers each, with 24 business class seats.
The length of the lease is from six to eight years and the aircraft are to be supplied with immediate effect and up to mid of next year. The vintage is 2012 or onwards. Older aircraft meeting NAP-2015 age criteria, would also be considered if they were offered with the facilities like modern 24 business class flat bed seats, modern economy class seats, latest in-flight entertainment AVOD system and new carpets, besides refurbished cabins, the sources said. The sealed bids meeting with all the criteria and on the specified performa would be accepted by November 16, 2016.—APP