KARACHI: The Economic Coordination Committee (ECC) has approved the financial restructuring of Pakistan International Airlines (PIA) after a detailed review of PIA’s Strategic Business Plan 2018-22.
PIA President and CEO Musharraf Rasool Cyan sharing his views on the approval by ECC said that the efforts and hard work of PIA management are paying off and positive results are appearing in a turnaround of the airline. He especially praised the efforts of Chief Operating Officer Zia Qadir Qureshi, Chief Human Resources Officer Asma Bajawa and Chief Technical Officer Amir Ali, Chief Commercial Officer Bilal Munir Sheikh, Zulqarnain Mehdi and Farhan Samiullah among other officials of the airline. He also thanked the ECC for showing their confidence in PIA management and vowed to bring positive results for the growth of the airline.
Chief Operating Officer and Head of Transformation Zia Qadir Qureshi further said that under the leadership of Musharraf Rasool Cyan, the results of the first quarter of 2018 as per business plan are on target with overall 30 per cent increase in sales. Cyan has taken initiatives which have made a major positive financial impact on the airline’s loss reduction and will help PIA in returning to profitability in due course. Some of the initiatives include making the aircrafts air-worthy that were grounded in 2017.
“We are well on the way to implement our Strategic Business Plan 2018-22 which is an excellent plan that sets out clear objectives and strategies for making PIA successful,” said Qureshi.
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