PM approves PIA’s 777 acquisition

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By TESTCustomwebLP TESTCustomwebLP April 24, 2014 16:40

PM approves PIA’s 777 acquisition

Pakistani Prime Minister Nawaz Sharif has approved the acquisition of five Boeing-777 aircraft by Pakistan International Airlines. He has also agreed a strategy to settle PIA legacy loans that will empower the board of directors to run the airline on a professional basis.

“PIA is now neither efficient nor profitable,” he said. The airline posts losses of Rs183 billion annually.

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By TESTCustomwebLP TESTCustomwebLP April 24, 2014 16:40
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