Pakistan International Airlines (PIA) has suffered financial losses exceeding Rs. 220 billion due to the ongoing European travel ban imposed in 2020. The restriction was enacted following concerns raised by the European Union Aviation Safety Agency (EASA) over safety standards and the authenticity of pilot licenses.
The ban, which bars PIA from operating in European and UK airspace, has significantly impacted the airline’s revenues, with lucrative international routes remaining non-operational. Despite efforts to address the safety and licensing concerns, PIA has yet to secure clearance to resume its services to these destinations.
Aviation experts warn that the prolonged suspension could further exacerbate the airline’s financial struggles. The government and PIA management are reportedly engaged in talks with European regulators to resolve the issue and expedite the resumption of flights.
PIA, once a leading airline in the region, has been battling operational challenges and financial losses for years. Stakeholders are calling for structural reforms and modernization efforts to restore the carrier’s reputation and financial stability.
