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PIA REQUESTS GOVERNMENT WRITES OFF $1.7 BILLION

By Dino D'Amore Nov 11, 2010 1 mins read

PIA REQUESTS GOVERNMENT WRITES OFF $1.7 BILLION

Pakistan International Airlines (PIA) has asked the government for $1.7 billion to help it stave off bankruptcy. The money is part of a five-year restructuring plan that promises cutbacks and an improved fleet if the treasury agrees to cancel its debt and pay off creditors. PIA has accumulated losse...

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