Search For "pakistan international airlines"
Ahead of polls, Special Investment Facilitation Council approves splitting
Updated : 2 years, 1 month ago IST
Ahead of the general elections, the Special Investment Facilitation Council (SIFC) of Pakistan on Friday gave the approval for the division of the Pakistan International Airlines (PIA) into two different entities. However, the unpaid liabilities of the company will be parked in the upcoming
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Pakistan International Airlines debt now rests on taxpayers shoulders
Updated : 2 years, 1 month ago IST
Islamabad: The government and banks have decided on a plan to restructure PIA's debt, totalling Rs268 billion. The Ministry of Finance, which initially didn't want to include PIA's debt in the overall public debt, has changed its mind. Now, they agreed to use the budget to pay both the princ
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Pakistan International Airlines privatization plan fails due to its financ
Updated : 2 years, 2 months ago IST
Sources suggest that PIA cannot afford to pay more than PKR 8 billion in interest on the PKR 260 billion loan. The commercial banks involved in lending to PIA include the National Bank and Bank of Punjab, along with eight other commercial banks.
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7,000 Pakistan International Airlines employees not paid salaries due to c
Updated : 2 years, 3 months ago IST
The employees of Pakistan International Airlines (PIA) have been affected due to the ongoing financial upheaval faced by the airlines which has left its 7000 employees without salaries in November, The Express Tribune reported.
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Pakistan: PIA flight escapes mid-air disaster
Updated : 2 years, 3 months ago IST
A Pakistan International Airlines (PIA) flight survived an unfortunate incident on Saturday after one of the aeroplane's engines caught fire mid-air, ARY News reported.
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Pak: Financially struggling PIA forced to ground Boeing 777 aircraft
Updated : 2 years, 4 months ago IST
Pakistan International Airlines (PIA) is grappling with a dire financial crisis, resulting to grounding of several Boeing 777 aircraft due to insufficient funds for maintenance, as reported by ARY News on Friday.
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Pakistan International Airlines on verge of shutdown as 537 flights cancel
Updated : 2 years, 4 months ago IST
PIA is facing its worst crisis in history as Pakistan State Oil (PSO) has cut its fuel supply over unpaid dues. The move forced the airline to cancel 537 flights since October 13.
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Pakistan International Airlines cancels flights over non-payment of dues t
Updated : 2 years, 4 months ago IST
Pakistan International Airline (PIA) flights have been severely affected as Pakistan State Oil (PSO) stopped fuel supply to the national carrier over non-payment of dues to the company, Geo News reported on Monday.
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Pakistan International Airlines releases funds for two-day fuel supply
Updated : 2 years, 4 months ago IST
PIA disbursed the fuel payment worth PKR 220 million to the PSO for Saturday and Sunday. The fuel payment issue between the airline and the PSO has been resolved and the flight schedule will be returned to normal.
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Pakistan: PIA cancels flights over non-payment of dues to fuel supplier
Updated : 2 years, 4 months ago IST
Pakistan International Airlines (PIA) faced fresh turbulence as its domestic flight operations were disrupted on account of non-payment of dues, leading to a complete halt in the supply of aviation turbine fuel to the carrier, the Dawn reported.
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Pakistan: PIA service hit as five aircraft with no engines grounded
Updated : 2 years, 5 months ago IST
Flight services of the Pakistan International Airlines’ (PIA) were disrupted after five three Boing 777 aircraft were grounded as they had no engines, ARY News reported on Saturday, adding that the fleet included two permanently grounded aircraft.
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Pakistani people frustrated over PIA's privatization amid nationwide finan
Updated : 2 years, 5 months ago IST
Amid a severe financial crisis plaguing Pakistan on multiple fronts, frustration among the population has reached its peak as the government has decided to privatize the country's national carrier, Pakistan International Airlines (PIA).
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