The Pakistan International Airlines (PIA) will acquire seven new ATR-500 turbo prop aircraft from France, Pakistan's national airliner said in a statement. The PIA has signed an agreement with M/s Avions de Transport Regional (ATR), France, for the purchase of seven new ATR42-500 turbo prop aircraft. The agreement was signed by Tariq Kirmani, Chairman and CEO of PIA, and Filippo Bagnato, CEO, ATR in the presence of Consul Generals of France and Italy in Karachi.