PIA ended a contract signed having a foreign company

1-24-2013_85107_lThe Pakistan International Airlines ended a contract signed having a foreign company for that procurement of spares to help keep its aircraft operational. Source stated the choice to cancel anything was taken in a meeting of board of company directors since the organization had unsuccessful in supplying needed spares promptly, which forced the nation’s air travel to ground its 16 aircraft from 38 in the fleet. The sources stated the PIA now had only 22 planes functional in the fleet, a truly alarming number that might cause more financial deficits towards the already crisis-stricken PIA. They stated that former MD Nadeem Yousufzai and ex- DMD had joined a contract using the foreign company for procurement of spares. The sources, however, stated board of company directors hadn’t ordered any pursuit against any officer accountable for filling out the agreement. Sources stated that just before the stated agreement, 400 companies were supplying the PIA with tools. Within an unparalleled move, the government authorities in PIA assigned merely a single company from Dubai with supplying the various components, eliminating all of the contacts along with other 100s of firms. The sources says the PIA grew to become the very first commercial airline in the globe to enter in a agreement with the organization, which in fact had no earlier experience in the field.