The last few weeks have been tumultuous for Pakistan International Airlines, as they are at risk of total collapse following flight cancellations and lack of fuel payments.
It’s road to recovery has been a bumpy path to say the least, but the latest developments puts the airline at risk of complete oblivion.
Without further ado, let’s get into it…
Collapse?: What’s Going On With Pakistan International Airlines?…
Pakistan International Airlines has had to cancel over 300 flights in the last ten days due to the unavailability of fuel.
Such unavailability of fuel has come from the Pakistan State Oil cutting the airline off over lack of payments made for Jet A-1.
A total of 322 flights have been cancelled at the time of writing (25/10/23 @ 1530 UK time), with more expected as this drama continues to build.
An airline spokesperson has said that the carrier has been working to reaccommodate passengers on flights with different airlines whilst this problem is being addressed.
It is understood that the financial conditions within the country are a big contributor to the current position of the airline.
As per Livemint, the country has had to take another bailout from the International Monetary Fund (IMF) in order to prevent itself from defaulting.
With Pakistan International Airlines being state-owned, this would of course affect them also.
The carrier has not had a great few years, from the pilot fake licenses scandal, to being banned from operating into the United States and the UK.
Just this year, the airline had one of its Boeing 777 aircraft impounded in Malaysia, and as a result of continued financial uncertainty, had to ground 11 of its aircraft in the fleet.
With the situation worsening, all eyes will be on Pakistan International Airlines to see whether it can survive this period of financial uncertainty, or whether they will default with the government.
Did you know AviationSource has two newsletters? One covers the general news and analysis of the industry as a whole, and the other to do with emergencies that take place throughout the year! To subscribe to our General News Newsletter, CLICK HERE! To subscribe to our Emergencies, Accidents & Incidents Newsletter, CLICK HERE!