Karachi: Pakistan International Airlines (PIA) has returned the Airbus A-330 to Sri Lankan Airlines, which was taken on expensive lease.
The plane was purchased on wet lease at the cost of 19 million dollars. Administration had to pay $8,000 per hour a day for six months for its premier services; still the load factor was not according to the plan for its London flights.
Salaries of the foreign staff were also being paid by the national airline.
Premier Service was inaugurated by PM Nawaz Sarif on August 14, 2016. It faced the huge financial loss of Rs. 700 million just within four months of its inauguration. Millions were spent on re-painting the airplane with the monogram of Pakistan.
However, it was being decided that the aircraft will be returned to Sri Lanka. Aircraft was shifted from PIA fleet to the engineering, where the special paint and monogram was being removed.
PIA spokesperson said that the aircraft was purchased according to the PEPRA regulations on market rate and it was modern and according to the requirements.
According to media sources, PIA plans to use its Boeing 777 air-crafts for premier service after their renovations; these aircrafts are seven in number.