PIA signs cargo charter with Ryanair

News Image

By MG News | October 26, 2020 at 05:10 PM GMT+05:00

0:00

October 26, 2020 (MLN): Pakistan International Airlines has agreed to lease one of its Boeing 777 to Ryanair for transportation of cargo between Pakistan and China, said a spokesman of the national flag carrier.

As per details an agreement in this context was inked by General Manager, PIA, Mohammad Shafiq and Country Head, Ryanairs, A. Fattah Bhatti under which PIA aircraft, of the said model being used for passengers' transportation will be converted into cargo carrier.

The lease period was said to be of four months during which export and import goods from/to Urumchi (China) and different destinations of Pakistan would be ensured against agreed fees and associated charges.

PIA cargo plane will carry 52 tons of cargo during every single flight, said the spokesman.

 Mentioning that due to marked reduction in the passenger load, consequent to Covid-19, affecting the world aviation industry in general, he said l the national carrier has embarked upon strategic partnerships with international airlines.

"Motive is to benefit from each other’s experiences and share available resources, he said.

According to him Chief Executive Officer of PIA has directed its commercial department to introduce innovative products enabling the national airline to achieve its economic objectives during corona phase.

This particular initiative to lease our aircraft as flights chartered for cargo transportation is also expected to help promote national exports," said the spokesman.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 120,023.24
136.80M
0.02%
20.65
ALLSHR 74,956.95
415.25M
0.09%
64.82
KSE30 36,533.23
44.37M
0.25%
91.50
KMI30 177,648.07
53.46M
0.48%
854.02
KMIALLSHR 51,412.96
224.87M
0.22%
113.15
BKTi 30,161.85
6.28M
0.10%
29.54
OGTi 27,008.50
5.66M
0.59%
157.59
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 103,730.00 106,725.00
102,425.00
-235.00
-0.23%
BRENT CRUDE 77.32 77.67
75.51
-1.53
-1.94%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-3.70
-4.03%
ROTTERDAM COAL MONTHLY 103.85 0.00
0.00
0.35
0.34%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 74.04 75.74
72.32
0.54
0.73%
SUGAR #11 WORLD 16.53 16.73
16.44
0.22
1.35%

Chart of the Day


Latest News
June 20, 2025 at 11:13 PM GMT+05:00

PM directs PNSC to expand fleet


June 20, 2025 at 08:12 PM GMT+05:00

OMO Result: SBP injects over Rs14tr


June 20, 2025 at 05:01 PM GMT+05:00

PSX Closing Bell: Inch by Inch to Glory



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg