PIA to halve workforce, cut fleet: reports : vimarsana.com

PIA to halve workforce, cut fleet: reports


By Alfred Chua2021-04-28T03:12:00+01:00
Pakistan International Airlines (PIA) has reportedly gotten the green light to halve its workforce of 14,000 and cut its fleet to no more than 30 aircraft, amid continued full-year losses. 
Ishrat Hussain, an adviser to Pakistani prime minister Imran Khan, was cited in news reports as saying that the hope is for PIA to return to profitability by 2023. 
Source: Pakistan International Airlines
Pakistan International Airlines will reportedly cut its workforce and fleet, in a bid to turn its dire finances around.
Hussain adds that Pakistan’s cabinet approved the latest restructuring measures, which will also see the government explore selling its 26% stake after improving the carrier’s balance sheet. 

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