The parking fees for two Pakistan International Airlines (PIA) Airbus 320 aircraft in Jakarta have surpassed $15 million, according to an audit report. Since September 2021, these leased planes accrued a monthly parking cost of $0.6 million. The 26-month duration resulted in a total parking fee of $15.4 million.
The extended stay was attributed to a dispute with the leasing company, deemed ‘management’s negligence’ in the audit report. Despite this, a PIA spokesperson has confirmed the resolution of the matter with the leasing company, ensuring the imminent return of the aircraft to Pakistan.
This incident underscores the financial implications and operational challenges faced by airlines in lease agreements and disputes. The substantial fees accrued during the prolonged parking highlight the importance of effective management and timely conflict resolution in the aviation industry. As the matter is now resolved, it serves as a reminder of the need for proactive measures to mitigate financial losses and maintain smooth operations in the highly competitive and complex aviation sector.