Pakistan International Airlines (PIA) Chief Executive Officer Air Marshal Arshad Malik has assured that the financial restructuring of the national flag carrier is well on its way and things would be finalised soon. “We do have a few options to settle the mounting debt issue of PIA,” Malik said during his visit to the Lahore Chamber of Commerce and Industries (LCCI) on Thursday. “However, financial restructuring of PIA is well on the way and would be finalised soon,” he added. Malik said PIA is focusing on profitable routes based on demand prospects and commercial viability. Talking about expanding international routes, Malik said that PIA is almost there for New York and Chicago route, but due to Covid-19 and licensing issue, they are facing some delay.

Source: The Express Tribune November 20, 2020 03:22 UTC