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PIA plane 'taken away to Germany by ex-CEO' sold for over Rs190m

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PIA plane 'taken away to Germany by ex-CEO' sold for over Rs190m
By Our Correspondent
Published: March 6, 2019
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According to sources, the airplane, anchored at the Leipzig airport of Germany, has been sold in two parts. PHOTO: FILE

KARACHI: Amid much controversies, Pakistan International Airline (PIA) A-310 aircraft has been sold for Rs196.6 million in Germany, sources privy to the development told The Express Tribune on Wednesday.

In 2017, reports emerged that former national flag carrier’s CEO Bernd Hildenbrand, who is a German national, had taken the plane to his country when he left Pakistan and illegally sold it to a museum.

There were also reports that the plane was used in an Israeli film shooting. However, PIA officials refuted such reports and had maintained that the plane still belong to the national carrier and the matter was under FIA investigation.
the sources have now revealed that the airplane, anchored at the Leipzig airport of Germany, has been sold in two parts.
The two engines of the A-310, including other equipment, were sold to a private company which had offered the highest bid for the plane.

Moreover, the parking charges of the plane was stand at €0.2 million, which was settled down at €13,0000 against the structure of the plane with the museum, situated at the airport, sources also said.

However, a PIA spokesperson said that the plane has been sold according to the PEPRA rules for a very high price in comparison to the local market.


Read more: CEO , Germany , Latest
 
PIA plane 'taken away to Germany by ex-CEO' sold for over Rs190m
By Our Correspondent
Published: March 6, 2019
11SHARES
SHARE TWEET EMAIL
1924212-piax-1551887007-298-640x480.jpg

According to sources, the airplane, anchored at the Leipzig airport of Germany, has been sold in two parts. PHOTO: FILE

KARACHI: Amid much controversies, Pakistan International Airline (PIA) A-310 aircraft has been sold for Rs196.6 million in Germany, sources privy to the development told The Express Tribune on Wednesday.

In 2017, reports emerged that former national flag carrier’s CEO Bernd Hildenbrand, who is a German national, had taken the plane to his country when he left Pakistan and illegally sold it to a museum.

There were also reports that the plane was used in an Israeli film shooting. However, PIA officials refuted such reports and had maintained that the plane still belong to the national carrier and the matter was under FIA investigation.
the sources have now revealed that the airplane, anchored at the Leipzig airport of Germany, has been sold in two parts.
The two engines of the A-310, including other equipment, were sold to a private company which had offered the highest bid for the plane.

Moreover, the parking charges of the plane was stand at €0.2 million, which was settled down at €13,0000 against the structure of the plane with the museum, situated at the airport, sources also said.

However, a PIA spokesperson said that the plane has been sold according to the PEPRA rules for a very high price in comparison to the local market.


Read more: CEO , Germany , Latest

The aircraft is sold for $1.5 million (assuming 130 pakistani rupees per US Dollar)
without knowing the state of the aircraft i cannot say if it is a good deal
 
The aircraft is sold for $1.5 million (assuming 130 pakistani rupees per US Dollar)
without knowing the state of the aircraft i cannot say if it is a good deal
that was a310 a pure junk all of sister ships were grounded and solid to junk yards in paksitan this unlucky one went there . if it was in Pakistan its not even earn 1mn usd.
 

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