RAWALPINDI: Pakistan International Airlines (PIA) has grounded 11 aircraft, including three of its Boeing 777s, as the national flag carrier faces a serious financial crisis due to the uncontrolled flight of dollars and increase in prices of petroleum products.
According to DAWN report, the airline, which operates around 30 aircraft, has been facing serious difficulties in procuring spare parts for the past three years due to scarcity of funds, which has resulted in the grounding of 11 planes.
Two of the three wide-body Boeing 777 aircraft were grounded in 2020 and one in 2021. Five A320 aircraft have also been grounded — two in 2021 and three in 2023. PIA also grounded three ATR aircraft — one each in 2020, 2022 and 2023.
A spokesman for PIA confirmed that 11 aircraft have been grounded due to a lack of funds to buy spare parts as the national flag carrier is facing serious financial challenges, including dependency on foreign currency.
