LAHORE: The PIA is all set to enter into an agreement with the Qatar Aircraft Leasing Company for acquiring eight 180-seater planes for eight-year dry lease.

"The company will provide A-320 aircraft this year (July-December) and the national flag carrier will pay $1.6 million monthly installment to it," PIA spokesman Mashhood Tajwar told Dawn on Tuesday.

He said the agreement between the PIA and the Qatar Aircraft Leasing Company would be inked in a few days. He said acquisition of fuel-efficient aircraft was part of the PIA revival plan.

"The planes are two to three years old and will be operated on domestic and international routes. After their induction, the PIA will be able to restore some of its routes as well," Tajwar said.