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Pakistan International Airlines not likely to be privatised

19-Oct-2009 11:29 AM

Pakistan’s Defence Ministry stated there are no plans to privatise Pakistan International Airlines (PIA), despite the airline reporting an accumulated loss of more than PKR40 billion (USD481.9 million) since Jan-2008 (Daily Times, 17-Oct-2009). PIA reported a loss of PKR5.4 billion (USD65.1 million) for the six months ended 30-Jun-2009. The carrier is currently assessing various aircraft types, as part of plans to expand its fleet, and will consider its financing options once an aircraft type has been finalised.