Berliner Boersenzeitung - Pakistan flight departs for Paris after EU ban lifted

The Pakistan International Airlines flight took off from Islamabad around 1240 pm (0740 GMT) heading for Paris, AFP journalists saw, becoming the only carrier to offer a direct route to and from the European Union.

"This is the first time I am travelling with PIA," said passenger Shumaila Rana, a 38-year-old school teacher living in Germany.

"I'm nervous and I'm having a lot of anxiety, but I'm hoping it's gonna be a good flight."

Debt-ridden PIA was banned in June 2020 from flying to the European Union, United Kingdom and the United States, a month after one of its Airbus A-320s plunged into a Karachi street, killing nearly 100 people.

The disaster was attributed to human error by the pilots and air traffic control, and was followed by allegations that nearly a third of the licences for its pilots were fake or dubious.

In 2016, a PIA plane burst into flames after one of its two turboprop engines failed during a flight from the remote north to Islamabad, killing more than 40 people.

In November, the European Union Aviation Safety Agency announced it had lifted the ban, however it remains barred from flying in the UK and the United States.

At the time, it said it had "re-established sufficient confidence" in the Pakistan Civil Aviation Authority's oversight capabilities.

The airline flies to multiple cities inside Pakistan, including the mountainous north, as well as to the Gulf and Southeast Asia.

- Hopes pinned on privatisation -

PIA, which employs 7,000 people, has long been accused of being bloated and poorly run -- hobbled by unpaid bills, a poor safety record and regulatory issues.

Pakistan's government has said it is committed to privatising the debt-ridden airline and has been scrambling to find a buyer.

Late last year, a deal fell through after a potential buyer reportedly offered a fraction of the asking price.

The government hopes the opening of European routes, which officials expect will be followed by a similar announcement by the UK later this year, will boost its selling potential.

PIA posted losses of $270 million in 2023, according to local media. Its liabilities were nearly $3 billion, about five times the total worth of its assets.

In the same year, amid a national economic crisis, dozens of domestic flights were cancelled when it could not afford fuel for its planes.

PIA came into being in 1955 when the government nationalised a loss-making commercial airline, and enjoyed rapid growth until the 1990s.

(A.Lehmann--BBZ)