In a significant turn of events, the financially beleaguered Pakistan International Airlines (PIA) has successfully secured a much-needed Rs17 billion bank loan, marking a pivotal moment in the airline's ongoing struggle to regain its financial footing.
This timely influx of funds has not only enabled the prompt disbursement of employee salaries but has also rejuvenated the airline's operational capabilities, ensuring the continuation of its vital flight services.
A spokesperson for PIA expressed optimism about the recent development, stating, "We have managed to get a Rs. 17 billion loan, after which salaries of employees have been paid, and the flight operation is running smoothly."
This announcement comes as a relief to the airline's workforce and loyal customers alike, who have endured a turbulent period of uncertainty regarding PIA's future.
Just one day prior, Abdullah Hafeez Khan, another spokesperson for PIA, asserted that the airline was diligently addressing its financial commitments on both national and international fronts.
Reports also indicate that the infusion of funds will not be limited solely to employee salaries. PIA intends to allocate resources to fulfill its obligations to fuel companies and expedite the procurement of essential spare parts for aircraft repairs, thereby ensuring the safety and efficiency of its fleet.
