Re: PIA on the road to destruction - and Pakistani passports, a dream. PPPs legacy
You need to link financial statements and prove that all the news reports are false. Every sane person is Pakistan knows what happens to state institutions when Haram Khor Party government comes into power. They stuff them with jiyalas and sell off the rest of the jobs.
Salary raise to put more burden on PIA
…The management of cash-stricken PIA, after getting approval from concerned ministries in principle, has agreed for a 45pc raise in salaries of most employees and only a formal consent of politically nominated Board of Directors is awaited, said sources in the national flag carrier on Sunday. The total additional impact in the head of salaries and allowances is expected to be over Rs13 billion, said sources.
Since there are no commercial reasons and revenue targets have nosedived, with built-in provision for annual increases ranging to almost 10pc for the world’s most surplus airline with highest employee to aircraft ratio, this decision at the end of 5 year rule by PPP led coalition, seems part of its routine political gimmicks for forthcoming elections…
Daily Times - Leading News Resource of Pakistan
Life support for PIA – The Express Tribune
Flying a green elephant – The Express Tribune
PIA suspends serving meal in domestic flights
Can Pakistan’s state airline fly through tough times? | Reuters
PIA lost 19.29 billion rupees ($212.7 million) in the first nine months of 2011, almost double the losses in the same period in 2010.
The airline, like the Pakistani economy, has relied on bailouts to stay in the air, and is negotiating with the state for another rescue package…
Over the years, critics say, governments have manipulated state corporations like PIA for political and financial gain, giving jobs to so many supporters that the size of the workforce has become unsustainable in the face of mounting losses.
“We don’t have people in the right places in typical Pakistani fashion. It’s about who you know not what you can do,” said a PIA pilot, who like other employees asked not to be identified for fear of being fired.
Today, PIA has a staggering employee to aircraft ratio of more than 450, more than twice as much as some competitors. In the first nine months of 2011, employee expenses drained 16 percent of turnover…
and the stories go on and on… ofcourse it is all establishment propaganda.