Pakistan International Airlines (PIA) faced heavy financial losses because many of its aircraft remained grounded for long periods, according to an audit report.
The audit revealed that PIA lost around Rs22 billion as several planes were not in operation for extended durations. Some aircraft stayed out of service for as little as 44 days, while others remained grounded for as long as 652 days. These delays were mainly caused by late maintenance work, unresolved structural repairs, and a lack of financial resources to carry out necessary fixes on time.
In addition to this, the airline suffered further losses of about Rs8.6 billion due to spare parts that were purchased but never used, as well as aircraft that had already been retired but were still adding to costs. The audit pointed out serious issues such as negligence, poor inventory management, weak planning, and irregularities in procurement processes. These problems increased expenses and reduced the airline’s ability to use its resources efficiently.
PIA officials explained that many of these delays happened due to factors beyond their immediate control. They cited COVID-19 travel restrictions, disruptions in the global supply chain, and the difficulty of obtaining critical and specialized equipment as major reasons. According to the officials, steps are now being taken to address these problems, including plans for the disposal of unused assets and recovery of losses where possible.
This information is shared only to inform readers and is based on available audit reports and official statements. The image mentioned is for reference purposes only. For complete and accurate details, readers are advised to consult official sources and documents.
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