{"id":597227,"date":"2023-08-11T09:50:37","date_gmt":"2023-08-11T04:20:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=597227"},"modified":"2023-08-11T10:36:08","modified_gmt":"2023-08-11T05:06:08","slug":"pakistan-international-airlines-may-suffer-rs-11200-crore-loss-in-2023-ceo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pakistan-international-airlines-may-suffer-rs-11200-crore-loss-in-2023-ceo\/","title":{"rendered":"Pakistan International Airlines may suffer Rs 11200 crore loss in 2023: CEO"},"content":{"rendered":"<p>Pakistan&#8217;s cash-strapped national carrier PIA is expected to suffer a loss of Rs 112 billion this year and running the airline on a public-private partnership model is the only solution to turn it into a profitable organisation, its CEO has said. <\/p>\n<p>During a press briefing, Pakistan International Airlines&#8217; CEO Air Vice Marshal Amir Hayat pointed out that the national carrier sustained a total loss of Rs80 billion in 2022 because of old loans and interest payments, the Express Tribune reported. <\/p>\n<p>He said that the PIA had a debt of Rs 742 billion passed on to its current management. <\/p>\n<p>Hayat warned that if the airline was not restructured, its annual loss would reach Rs 259 billion (USD 900667) in 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan&#8217;s cash-strapped national carrier PIA is expected to suffer a loss of Rs 112 billion this year and running the airline on a public-private partnership model is the only solution to turn it into a profitable organisation, its CEO has said. During a press briefing, Pakistan International Airlines&#8217; CEO Air Vice Marshal Amir Hayat pointed out that the national carrier sustained a total loss of Rs80 billion in 2022 because of old loans and interest payments, the Express Tribune reported. He said that the PIA had a debt of Rs 742 billion passed on to its current management. Hayat warned [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-597227","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/597227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=597227"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/597227\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=597227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=597227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=597227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}