1.1BACK GROUND OF STUDY
AS PART OF THE ACADEMIC REQUIREMENT FOR COMPLETING BACHELOR OF BUSINESS ADMINISTRATION ( HONORS) THE STUDENTS ARE REQUIRED TO UNDER GO 8 WEEKS OF INTERNSHIP WITH ANY REPUTED ORGANIZATION. THE INTERNSHIP IS TO SERVE THE PURPOSE OF ACQUAINTING THE STUDENTS WITH PRACTICING KNOWLEDGE OF THE DISCIPLINE OF BUSINESS ADMINISTRATION. THIS REPORT IS ABOUT PAKISTAN INTERNATIONAL AIRLINES. PAKISTAN INTERNATIONAL AIRLINE WAS FORMED ON MARCH 11,1955 WHICH WAS PREVIOUSLY A PRIVATE AIRLINE OPERATING WITH THE NAME OF ORIENT AIRWAYS. PIA HAS EXPENDED ITS NETWORK, BECOMING THE LARGEST COMMERCIAL AIRLINE IN PAKISTAN. OFFERING UNIQUE SERVICES TO IT’S CUSTOMERS, BOTH AT DOMESTIC AND INTERNATIONAL NETWORK.
1.2Purpose Of The Study
THE MAIN PURPOSE OF THE STUDY IN HAND IS TO GATHER RELEVANT INFORMATION TO COMPILE INTERNSHIP REPORT ON PAKISTAN INTERNATIONAL AIRLINES.
1. To observe, analyze and interpret the relevant data competently and in a useful manner. 2. To know how to practically work in an organization. 3. To develop interpersonal communication.
1. 3 Scope Of Study
AS AN INTERNEE IN PIA THE MAIN FOCUS OF MY INTERNSHIP WAS ON FINANCE DEPARTMENT. I INCLUDED ALL THE CONCERNED SECTIONS IN WHICH I LEARNED HOW TO MAKE DIFFERENT TYPES OF REPORTS AND I WAS GIVEN DIFFERENT RESPONSIBILITIES FOR CERTAIN DURATIONS. I HAVE WRITTEN ABOUT THESE IN FINANCE SECTIONS CHAPTER.
Accordingly, different sections of PIA are also covered in this report.
1.4 Methodology Of Study
THE REPORT IS BASED ON MY TWO MONTHS INTERNSHIP PROGRAM IN PIA ISLAMABAD/ RAWALPINDI STATION. THE METHODOLOGY REPORTED FOR COLLECTION OF DATA IS PRIMARY AS WELL AS SECONDARY DATA. THE PRIMARY SOURCE OF INFORMATION IS MY PERSONAL OBSERVATION WHILE WORKING WITH STAFF AND HAVING DISCUSSION WITH THEM. FORMALLY ARRANGED INTERVIEWS AND DISCUSSIONS ALSO HELPED ME IN THIS REGARDS. SPECIALLY, IN FINANCE SECTION AND I ALSO SPENT TIME IN HRM AND MARKETING DEPARTMENT TO GET THE RELEVANT INFORMATION ABOUT CERTAIN TOPICS.
➢ PERSONAL OBSERVATION
➢ Interviews of staff
➢ Lectures by Finance Manager
➢ Practical work
➢ ANNUAL REPORTS 2006, 2007 AND 2008.
➢ Finance Manuals.
➢ Internet www.piac.com.pk www.wikipedia.org. www.google.com
HISTORICAL BACKGROUND OF PIA
1. HISTORY OF PIA.
2.1.1Birth of a Nation, Birth of an Airline
Air transport has probably never been more important to the development of a new nation than in the case of Pakistan. In June 1946, when Pakistan was still in the offing, Mr. Mohammad Ali Jinnah, the Founder of the upcoming nation, instructed Mr. M.A. Ispahani, a leading industrialist, to set up a national airline, on a priority basis. With his singular vision and foresight, Mr. Jinnah realized that with the formation of the two wings of Pakistan, separated by 1100 miles, a swift and efficient mode of transport was imperative
2.1.2Orient Airways Takes to the Skies
On 23rd October 1946, a new airline was born. Initially registered as a pilot project in Calcutta, Orient Airways Ltd. had at its helm Mr. M.A. Ispahani as Chairman and Air Vice Marshal O.K. Carter as General Manager. The new carrier's base remained in Calcutta and an operating license was obtained in May 1947.Four Douglas DC-3s were purchased from Tempo of Texas in February 1947 and operations commenced on 4th June 1947.
The designated route for Orient Airways was Calcutta-Akyab-Rangoon, which also happened to be the first post-war international sector to be flown by an airline registered in India. Within two months of Orient Airways'...