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Pakistan rejects rescue of national airline
The Islamabad government has suggested developing a solid privatization plan
Pakistan's government has rejected a 77 million dollars bailout plan to stave off the bankruptcy of national carrier Pakistan International Airlines. The Islamabad government has suggested developing a solid privatization plan for the airline with loans guaranteed by commercial banks, as the company's current corporate form is no longer economically sustainable.The airline's management recently met...
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AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency