Airlines

PIA a Liability Due to Mismanagement, Corruption: CEO

Jan. 17, 2019

Talking about the cost saving operations undertaken by the new management, Arshad Mehmood Malik said a strategy was evolved to stop bleeding and cut costs of the national airlines.

Source Daily Times

Pakistan International Airlines (PIA) Chief Executive Officer (CEO) Air Marshal Arshad Mehmood Malik Tuesday said the national flag carrier had become a liability due to mismanagement and corruption.

At a press conference here, Arshad said PIA’s management would develop a comprehensive five-year strategic business plan to turn the national flag carrier into a profitable entity and revive its past glory. “Prime Minister Imran Khan tasked us to revive the PIA as a profitable enterprise. Since taking the responsibility in October, last year we have taken some short-term measures to ensure its smooth functioning and now we are going to give a five-year long term plan in a three-month period,” he said.