In a significant milestone, Pakistan International Airlines (PIA) has announced plans to resume flights to Europe and the United Kingdom starting June 2024, following a 13-year hiatus. This development comes after the airline reported operating profits and successfully cleared the International Aviation Safety Assessment (IASA) audit.
Shareholders Approve Transfer to PIA Holding Limited
During an extraordinary annual general meeting held at the PIA Training Centre in Karachi, shareholders of PIA Corporation Limited approved their transfer to PIA Holding Limited, a crucial step in the airline’s strategic restructuring. The meeting attended by key stakeholders, including government officials, legal advisors, and PIA’s CEO and directors.
Airline Reports Impressive Performance and Financial Turnaround
The Chairman and CEO of PIA addressed the assembly, highlighting the airline’s impressive performance in the past year, which culminated in its first operating profits in over a decade. PIA’s resurgence is evident, with a remarkable 700-fold increase in net worth and a significant uptick in business operations.
Shareholders Express Confidence in PIA’s Future
The shareholders present at the meeting overwhelmingly supported the transition to PIA Holding Company, affirming their belief in PIA’s continued growth and commitment to operational excellence.
This development marks a significant turnaround for PIA, which has faced financial struggles in recent years. The airline’s expansion into Europe and the UK expected to boost its revenue and reputation, further solidifying its position as a leading international carrier.
 has announced plans to resume flights to Europe and the United Kingdom starting June 2024, following a 13-year hiatus. This development comes after the airline reported operating profits and successfully cleared the International Aviation Safety Assessment (IASA) audit.){kind=link}