Trade Chronicle Nov - Dec - 2020 issue

Travel World
Financial restructuring of PIA will
be finalised soon: CEO
Chief Executive Officer of Pakistan
International Airlines (PIA) Air Marshal
Arshad Malik said that financial
restructuring of PIA is well on the way
and would be finalised soon.
He stated this following
a signing ceremony
of a memorandum of
understanding with the
Lahore Chamber of
Commerce and Industry
to facilitate the business
community and to build cordial business
relations.
The PIA will offer a special discount
to the LCCI members. PIA CEO
Air Marshal Arshad Malik and LCCI
President Mian Tariq Misbah signed
the MoU on behalf of their respective
Emirates earns five-star
rating from its customers
Emirates has received the APEX
2021 Five Star Global Official Airline
RatingTM, based on feedback from
passengers that was independently
collected by APEX via its partnership
with TripIt, and validated and certified
by an external auditor to ensure that
all ratings were made by genuine
travellers who had flown on the airline
they were reviewing.
Adel Al Redha, Emirates’ Chief
Operating Officer said: “We are
delighted to receive this recognition
from our customers. It reflects all of our
efforts to provide our customers with a
safe and enjoyable flight experience.
organizations. The LCCI
office-bearers were also
present on the occasion.
Air Marshal Arshad Malik said that
the PIA’s revenue has increased and
showed gross profit in the months
of September and October. He said
that the efforts for
improvement have
started yielding results
in the PIA despite the
COVID-19 and other
challenges.
He said that open sky
policy has caused
huge loss to the PIA. He further said
that cargo space utilization of the
airline has been increased and Boeing
777 aircrafts can be used for cargo
transportation. The PIA is focusing the
profitable routes based on demand
prospects and commercial viability.
AirSial commence its
operation in Pakistan
AirSial plans to commence its
operations from Mid-December
2020 across 5 cities of Pakistan
Karachi, Sialkot, Islamabad, Lahore
& Peshawar. Three daily flights from
Karachi to Lahore & Islamabad along
with three weekly flights to Sialkot and
four weekly flights to Peshawar are in
the plan.
Khaqan Murtaza made
CAA DG
Civil Aviation Authority (CAA) has
announced the appointment of Flight
Lieutenant Khaqan Murtaza (retd) as
Director General CAA. According to
a notification issued to that effect, the
appointment of Flt-Lt Khaqan Murtaza
(retd) is approved effective immediately
and untill further notice.
Faysal Bank, PIA announce
first “Welcome Home”
Campaign Lucky Draw
Winners
Faysal Bank Limited (FBL), together with
Pakistan International Airlines (PIA), carried
out the first ballot for four winners for the
“Welcome Home – Roshan Digital Account”
campaign, during a ceremony held at Faysal
House, Karachi.
The ceremony was held in reference to a
joint initiative by Faysal Bank and PIA, to
promote the National cause of attracting
higher inward remittances into Pakistan,
through Roshan Digital Account. The
winners were awarded with economy
class PIA return tickets to Pakistan from
their country of residence. The first lucky
draw winners were Mohsin Shahzad Virk
(UAE), Muhammad Imran (UAE), Sajjad
Amin (Saudi Arabia) and Nabil Sardaraldin
Mohammed (Oman).
CEO of Rakaposhi Tours
wins PATA Life Member
2020 award
Lt. Col (Retd)
Akbar Shareef,
Chairman
and CEO
Rakaposhi
Tours (Pvt)
Ltd., winning
the PATA Life
Membership
A w a r d ,
conferred
upon him for
his significant
leadership as the Chairman of PATA-
Pakistan Chapter.
In recognition of his valuable
contributions to global tourism, Shareef
has also been a recipient of PATA
Award of Merit, making him the first and
only Pakistani to receive both awards
to date.
TRADE CHRONICLE - Nov - Dec - 2020 - Page # 29