Our Staff Reporter KARACHI - Minister for Defence and Chairman PIA Chaudhry Ahmed Mukhtar has inaugurated the state of art PIA Boeing 777 flight simulator installed at PIA Training Centre, Karachi, PIA spokesman said here on Sunday. Speaking on the occasion, Ahmed Mukhtar said that the installation of the flight simulator will prove to be a good omen for turning around PIA as the present government is keenly looking forward to the growth of the national flag carrier. It is expected that with the approved business plan, PIA would be profitable in the next five years. He said that PIA will soon start acquiring new aircraft by 2012 which will enable the airline provide better air service to the people of Pakistan as well as attract passengers from other countries. He added that under a phased programme 30 new aircraft would be included to make the fleet younger and increase its strength to 70 aero planes in PIA fleet. Earlier, PIA MD, Nadeem Khan Yousufzai said that now the airline may boast of an impressive Simulator Training Centre which includes three full flight simulators of Boeing 747-200, Airbus A310-300 and the latest addition of Boeing 777 Flight Simulator makes the airline self sufficient to meet the training needs of its cockpit crew. He hoped that soon simulators for other aircraft would also be made available. He said that PIA has upgraded its Simulator Training Centre now after 40 years which is a step in the right direction and would help PIA in saving a lot of foreign exchange which the airline was investing on its cockpit crew in providing these trainings abroad. Besides, the Training Centre would be earning foreign exchange by training pilots of other airline in the region. Biman Air of Bangladesh has already contacted PIA and discussing the possibility of sending their cockpit crew for training to PIA. He said that the despite financial hardship, the PIA management was investing in the future of airline by giving priority to such projects and ensuring its completion. He thanked the foreign experts of Thales present on the occasion for doing a professional job in installing the simulator and appreciated the efforts of PIA officials who ensured the completion of the project with their zealous efforts. Director Corporate Planning PIA, Irshad Ghani informed that the study of the flight simulator started in 2007 while the contract was awarded in June 2009. The Full Flight Simulator will result in Annual Savings of Rs 220 million to the airline and will generate additional revenue for PIA by providing training to other Asian and Middle Eastern Airlines. The cost of the Full Flight Simulator was $12.8 million. However, with cost effective installation work the actual expense incurred was reduced to $9.9 million. He added.