Due to extremely challenging environment on account of COVID-19, PIA has attained gross loss of Rs 3.6 billion and operating loss of Rs 5.4 billion during the period ended March 31 2021.
Using the Chinese-made ARJ-21, the nation's main aircraft maker seeks to bolster the utilisation of domestically produced planes, in an effort to compete with international aviation behemoths such as Airbus and Boeing.
China seeks to leverage the nation's massive aviation network and growing domestic market to gain a larger chunk of the global aviation services industry.