PIA shortlists QALC A320 lease bids

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Pakistan International Airlines has shortlisted bids from Qatar Aviation Lease Company to lease eight Airbus A320s following a recent tender seeking to dry-lease narrowbody aircraft.

A bid evaluation report shows that QALC provided proposals to lease eight International Aero Engines V2500 powered A320s to PIA. The airline also received a bid from KL Aeroparts for an A320 or Boeing 737-800 lease, however this was rejected for “not meeting tender requirements.”

Flightglobal’s Ascend Online Fleets database shows that, based on the manufacturer’s serial numbers provided in the documents, that the eight A320s were built in 2011 and 2012 and are managed by Standard Chartered Aircraft Finance. Three aircraft are leased to Singapore budget carrier Tigerair and the five others are leased to its Indonesian affiliate, Tigerair Mandala.

Ascend also shows that the Tigerair Mandala-operated aircraft are owned by Pembroke Aircraft Leasing, while the others are owned by Standard Chartered Aviation Finance.

In its request for proposals, PIA had required that the aircraft be delivered no later than 30 July 2014 on eight year lease terms.

It is expected that PIA will seek approval from Paksitan’s cabinet to lease the aircraft and conclude its commercial negotiations in the coming weeks.

Last year the airline received approval to lease five A320s from SMBC Aviation Capital and GE Capital Aviation.

Ascend data shows that PIA operates a fleet of 29 aircraft in service, including four Boeing 737-800s that are wet-leased from Corendon Airlines and Travel Service Airlines.