PIA to Hire Consultancy Firm for Preparing Five-Year Corporate Business Plan

Discuss issues and news related to PIA, Pakistani airlines and Pakistan's civil & military aviation.


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Abbas Ali
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Re: Foreign Consultant Team to Visit Pakistan to Review PIA Business Model

Post by Abbas Ali »

^ Yes, maybe.

Advertisement to hire an international consultancy firm for the development of PIA five-year corporate business plan was given in October 11, 2019, newspaper.

International Air Transport Association (IATA) was the lowest evaluated bidder in PIA evaluation report made available on airline's website in June 2020.

Maybe COVID-19 pandemic delayed consultancy firm's visit to Pakistan.

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Details here: viewtopic.php?f=1&t=28182

Abbas
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faisal-777
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Re: Foreign Consultant Team to Visit Pakistan to Review PIA Business Model

Post by faisal-777 »

Consultants are hired for things one does not understand or has expertise of. Everyone knows PIA issues - willingness to solve them head on is just not there.
Once you have tasted flight, you will ever walk the earth with your eyes turned skyward - Leonardo Da Vinci

Amaad Lone
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Re: Foreign Consultant Team to Visit Pakistan to Review PIA Business Model

Post by Amaad Lone »

The demise of PIA started in 2004 and in 16 year PIA has bled around 500 billion rupees.

A lot this is exchange rate losses as the rupee went from 60 to a dollar to 160.

Lot of this is mark up money, as PIA borrowed like there is no tomorrow and as debt piled up so did the interest payments.

Some of it is depreciation of assets which one does over 12 years, but actually uses the asset for 20 years.

The big question will be how to get rid of the 2 billion dollar debt PIA owes to banks.

I know how, but I am not going to say as I am not being hired as a consultant.

In the end, the government will take over PIA liabilities, and the hotels and other assets and PIA management will be handed over to a foreign airline, probably Turkish.

Best plan ever made was under the previous Nawaz Sharif government when the toxic assets and 10,000 employees were going to be with PIA and PIA 2 was going to be a new airline.
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Abbas Ali
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Re: Foreign Consultant Team to Visit Pakistan to Review PIA Business Model

Post by Abbas Ali »

A team of foreign experts is preparing PIA Business Plan to make the airline successful in the world, said CEO PIA Air Marshal (Retired) Arshad Malik.

https://e.dunya.com.pk/detail.php?date= ... 3_19314063

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Abbas Ali
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Re: PIA to Hire Consultancy Firm for Preparing Five-Year Corporate Business Plan

Post by Abbas Ali »

1.2 million dollars contract awarded International Air Transport Association (IATA) to prepare five-year business plan for PIA.

IATA team to submit its report in twenty weeks.

IATA as the lowest evaluated bidder was awarded the contract in year 2020. However, the team's visit to Pakistan last year was delayed due to COVID-19.

https://www.thenews.com.pk/print/799889 ... 1614425317

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Abbas Ali
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Re: PIA to Hire Consultancy Firm for Preparing Five-Year Corporate Business Plan

Post by Abbas Ali »

Five-member consultancy team due to arrive in Pakistan on April 25. The team will provide consultancy services for preparing five-year business plan for PIA.

Team members include nationals of Canada, Portugal, South Africa, Spain and Switzerland. They will arrive in Pakistan on flights from Istanbul and Dubai.

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