FIA to Look Over PIA’s Six Years Lease of ATR-72 AirPlane

The Federal Investigation Agency (FIA) has dispatched an examination concerning the exorbitant six-year rent of the ATR-72 airplane, as indicated by sources near the office. The FIA gave notification to the mindful substances and other related financing bunches with respect to the issue of ATR airplanes rented by PIA before.

In 2015, the rent of five ATR-72 airplane was affirmed for April 2021. As indicated by late reports, the month to month rent installments for two ATR-72 airplanes began in April and May, individually. According to a concurrence with Nordic Aviation Capital in April 2012, rent installments of Rs. 172,500 were concurred for the two airplanes, though installment plans for the other three initiated in June, with installment plans set at Rs. 179,500 every month. This uncommonly costly rent arrangement for the ATR-72 airplane brought about a supposed loss of Rs. 7.9 billion.

At the hour of the PIA arrangement, Shaheen Air had gone into a 6-year rent understanding for Airbus 320 airplane. Shaheen Air consented to pay month to month rent installments settled at Rs. 195,000 for each airplane.

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