[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]PIA Anticipates Rs112 Billion Loss This Year, CEO Highlights Restructuring Efforts: Pakistan International Airlines (PIA) CEO, Air Vice Marshal Amir Hayat, disclosed that the national carrier is set to face a Rs112 billion deficit in the current year.
He underscored that the airline’s present management inherited a burden of Rs742 billion debt, leading to an Rs80 billion shortfall in 2022.
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To address these challenges, PIA intends to restructure its operations with the assistance of a financial consultant and aims to function as a profitable entity through a public-private partnership.
The CEO also emphasized recent changes, including aircraft acquisitions and renovations, and expressed optimism regarding the attainment of international flight permissions.[/vc_column_text][/vc_column][/vc_row]
