Cash-strapped Pakistan struggling to pay $290 mn to international airlines
The global air transport body has warned of an ‘aviation crisis’ in Pakistan as airlines are struggling to recover USD 290 million due to a severe financial crisis, Dawn reported quoting the Financial Times on Thursday.
Pakistan Civil Aviation Authority (PCAA) has said it was trying to pay the airlines on time and has been in contact with relevant authorities over the issue.
The Financial Times, while quoting the International Air Transport Association (IATA) said it has become “very challenging” for carriers to serve Pakistan as they struggle to repatriate their dues which are paid in dollars, Dawn reported.
