PIA weighs Boeing and Airbus aircraft orders
Pakistan International Airlines (PIA) is evaluating an order for wide-body Airbus and Boeing jets as it looks to upgrade its ageing fleet, an executive for the state-owned airline said yesterday. “Boeing 777X would be a good option,” the airline’s executive director of human resources and works, Raheel Ahmed, told reporters on the sidelines of an industry conference in Dubai.
The airline is also looking at the Airbus A330 and A350 models, he added. PIA would consider purchasing the aircraft directly from the manufacturer and financing the order through a sale and leaseback arrangement. It would also consider a direct leasing agreement, known as a dry lease. A sale and leaseback is when the airline sells the jet to a lessor who then leases it back. Ahmed did not say when PIA would make the order or how many jets it could buy. PIA has a fleet of 38 narrow-body and wide-body Airbus and Boeing jets, Ahmed said, with three A310s to be retired on Dec 31.