LAHORE - Deputy Managing Director PIA, Salim Sayani has claimed that the Pakistan International Airline has earned Rs1.1 billion in the year 2011 through its Maintenance, Repair and Overhaul business and it is expected to earn revenue of Rs1.4 billion during 2012.

While briefing a delegation from the US Embassy in Pakistan at the airline’s Head Office on Tuesday, Sayani said that the business is now in the expansion phase with an increase in the number of customers from 14 to 40 during the last year.

“PIA’s five Year Business plan is focused on turning cost centres into revenue centers and a focused approach will greatly help PIA’s return to profitability. PK MRO is in the second phase of expansion to become One Stop Shop Premier MRO Service Provider in the region by providing, quality & value for money, excellent turnaround time, competitive labor price through total Maintenance Support of domestic airlines.” said PIA’s Deputy Managing Director.

Original Equipment Manufacturers like Boeing, Airbus and General Electric have shown keen interest in PK-MRO Business. Recognizing the great potential in PIA’s Maintenance Repair and Overhaul capabilities, the United States Trade and Development Agency has granted Rs58 million to PIA for conducting a thorough feasibility for the business, said Sayani.

The joint initiative underscores USTDA’s confidence and trust in PIA’s engineering capabilities to create state of the art MRO facility in the region that will generate revenue of 100 million USD and around 5,000 jobs in Pakistan by the year 2020. The South Asian and Middle Eastern MRO Markets are expected to grow into 9 billion USD in the coming years.

A Six member delegation from the Embassy of United States in Pakistan led by Consul General Karachi William Martin, visited the PIA Head Office and PIA Maintenance Repair and Overhaul facility. The US delegation showed keen interest in the airline’s engineering capabilities including Avionics Overhaul, Base Maintenance Division, Engine Shop Welding, Heat Treatment Shop, APU Test Facility and the Ispahani Hanger where ‘D’ check of a Boeing 777 was in progress at the time.