Pakistan is all set to welcome as many as five new airlines in the next year.
Following are the airlines planning to initiate operations in Pakistan within a year:
- Afeef Zara Airways
- Askari Air
- Air Sial
- Go Green
- Liberty Air
The Chief Executive Officer of Standard Chartered Bank, Shahzad Dada said:
The air traffic has surged by over 40% within last five years to approximately 20 million passengers.
Muhammad Afsar Malik, former Additional Director of Civil Aviation Authority (CAA), said that the current surge in demand depicts that the open skies policy has proved to be fruitful for Pakistanis.
As per the reports, the new airlines will also cover these routes:
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Routes like Gwadar, Skardu, and Turbat will help the airlines make huge profits due to emergence of the China-Pakistan Economic Corridor (CPEC).
Mr. Malik, Ex-CAA Additional Director, said that Pakistan’s domestic air traffic saw a rise of 10% as compared to the international air traffic that stood at 4%.
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He added that the airlines, due to competition in the sector, also decreased fares to attract more people.
“The air ticket you got for Rs. 10,000 would have cost around Rs. 30,000,” he maintained.
The entry of new airlines, however, will add fresh challenges to the already struggling Pakistan International Airlines (PIA).
Air traffic in Pakistan has increased dramatically by up to 40% during the last five years.
The Gulf carriers, including UAE’s Emirates, Etihad Airways, and Qatar Airways, are already giving a tough time to PIA as these foreign carriers are providing way better services and cheaper rates than the PIA. Moreover, these carriers are state-funded.
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PIA, on the other hand, is not ready to accept that.
PIA spokesperson, while responding to an email query, said:
Private airlines, especially foreign carriers, have mainly resorted to price cuts, instead of going more towards customer satisfaction in terms of comfort and improved services.