Airline in Pakistan crash saw 52 safety incidents in half ventury
A deadly Pakistan International Airlines crash that killed 97 people in May has put a plan to revive the company, which has more accumulated losses than any other publicly-traded carrier in Asia, in jeopardy. The state-run airline, known as PIA, had just posted its first gross profit in eight years, was starting to fly again after a two-month nationwide lockdown, was on the verge of reviving a direct route to the U.S., and had proposed revival plans to the government. But the Airbus A320 jet crash into a residential neighborhood in Karachi has reignited questions about its viability. “It’s possible that PIA becomes the last choice for travellers,” said Khurram Schehzad, CEO at Karachi-based advisory Alpha Beta Core Solutions. “The public sector airline has a bad reputation with timing and service in the past, and this would impact the airlines business even more. Many people would be inclined to fly competition, for now.” The malaise at the airline stems from frequent labour strife, changes in leadership -- the airline has had six chief executive officers in five years -- and red tape. That in turn has added to the woes of the carrier, which last reported a net income a decade and a half ago, and has suffered 52 safety-related incidents in the 54 years of its existence, according to data from Aviation Safety Network.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-06-05/unaligned/airline-in-pakistan-crash-saw-52-safety-incidents-in-half-ventury
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Airline in Pakistan crash saw 52 safety incidents in half ventury
A deadly Pakistan International Airlines crash that killed 97 people in May has put a plan to revive the company, which has more accumulated losses than any other publicly-traded carrier in Asia, in jeopardy. The state-run airline, known as PIA, had just posted its first gross profit in eight years, was starting to fly again after a two-month nationwide lockdown, was on the verge of reviving a direct route to the U.S., and had proposed revival plans to the government. But the Airbus A320 jet crash into a residential neighborhood in Karachi has reignited questions about its viability. “It’s possible that PIA becomes the last choice for travellers,” said Khurram Schehzad, CEO at Karachi-based advisory Alpha Beta Core Solutions. “The public sector airline has a bad reputation with timing and service in the past, and this would impact the airlines business even more. Many people would be inclined to fly competition, for now.” The malaise at the airline stems from frequent labour strife, changes in leadership -- the airline has had six chief executive officers in five years -- and red tape. That in turn has added to the woes of the carrier, which last reported a net income a decade and a half ago, and has suffered 52 safety-related incidents in the 54 years of its existence, according to data from Aviation Safety Network.<br/>
