PIA to send back profitable 'wet lease' aircraft
LAHORE: Despite its 'successful and profitable' experience of acquiring four
aircraft on 'wet lease', the PIA management has decided not to retain them after
April, under pressure from within the company.
Now it will acquire
another five on 'dry lease' once the wet lease expires.
Under wet lease
agreements, pilots, cabin crew, maintenance and insurance are also provided by
the airline with which the PIA enters into such an agreement. Dry lease means
the leaser provides only the aircraft.
The PIA had acquired last month
four aircraft on wet lease -- two each from Turkish and Czech Republic airlines.
All the four planes operating on international, Gulf, India, Bangladesh and
domestic routes are earning profits unlike other PIA operations. Besides, there
are no complaints of delays, a routine with other PIA flights.
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