Pakistan International Airlines (PIA) has approved the immediate induction of two aircraft on a wet lease, marking a major fleet expansion decision after the airline’s privatization.
According to a report, the PIA Board of Directors approved the addition of the two aircraft during its first meeting after the airline’s privatization. Both aircraft are expected to join the PIA fleet in October and will initially operate under six month wet lease agreements.
PIA plans to use the aircraft primarily for European flight operations, according to the sources. Under a wet lease arrangement, the leasing company provides the aircraft along with its pilots and cabin crew.
The addition of the two aircraft is expected to increase PIA’s operational capacity and revenue while supporting the airline’s international operations.
The two aircraft are separate from PIA’s discussions with Boeing over a potential purchase of 16 aircraft. PIA officials reportedly visited Boeing’s headquarters in the United States last month to discuss the proposed acquisition.
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