PIA terms news selling of PIA's profitable routes as speculations
KARACHI: With reference to media reports published in a section of press regarding selling of PIA’s profitable routes to a foreign airline and speculations about possible sellout of PIA to that airline, PIA’s spokesman has stated that this speculation is totally unfounded and contrary to facts.
In a statement issued hereon Monday, he said that PIA has signed a number of profitable code sharing agreements with various international airlines including China Southern, Thai Airways, Turkish Airways and Etihad Airways, which allow its passengers to travel on PIA tickets to several such destinations where PIA flights do not operate.
Code sharing generates additional revenue for the airline without starting it’s own operations on those sectors, he said.
The spokesman further clarified that these agreements are time bound and can easily be revoked, if need be. Signing of such agreements is a norm in international aviation and in no way tantamount to selling off of any airline or its shareholding, he added.