PIA to get two aircraft

ISLAMABAD: Seraph Aviation Group, a dedicated aviation asset management firm and financial adviser has announced it has placed two Airbus A320-200’s with Pakistan International Airlines (PIA).

According to international media reports, David Butler, Chief Executive, Seraph Aviation Group, said: "We are delighted to have secured a contract for two A320-200s with Pakistan International Airlines. This follows a process in which we faced strong competition, but where the combination of technical ability and financial modelling achieved the highest marks. We look forward to delivering both aircraft in the coming months and to commencing a long and positive relationship with Pakistan International Airlines."

Air Marshal Arshad Malik, Chief Executive Officer, PIA, congratulated Seraph Aviation Group for winning a well-contested tender and noted that he is looking forward to a productive long-term partnership between the two companies. He stated that PIA has an aggressive growth-based strategy in which the renewal and expansion of the fleet is central, along with consolidation on productive routes and expansion on new routes.