Loading

Pakistan International Airlines continues to receive Government cash injections

The Pakistan Government, as the majority shareholder of Pakistan International Airlines (PIA), continues to support the carrier it reports further losses. In 3Q2009, the government agreed to provide another equity contribution to PIA to cover interest payments on its significant debts. An amount of USD128.7 million has been provided to the carrier as at 30-Sep-2009, against 887 million ‘A’ class ordinary shares of PKR10 (USD0.12) issued to the government. Another 186 million ordinary shares are expected to be issued during the current year.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 1,094 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.