BoD reviews proposal to transfer more PIA assets to a state-owned holding company

PIA Board of Directors receive detailed briefing on Engineering Department performance of the last two years, reported 24NewsHDTV Channel. 

The Board reviewed the steps taken to obtain European and British air operation permits after a period of 5 years. The Board of Directors conducted a comparative review of all matters of the Engineering Department with the domestic and foreign aviation industry. 

PIA Board of Directors appreciated the steps taken by it to comprehensively maintain the aircraft and bring them back into flight operations. 

Keeping in view the above performance and possible privatization, the PIA Board has taken a decision in principle to provide a specific allowance to the Engineering Department, which has been under consideration for a long time. 

The Board gave instructions to complete the necessary approvals before the privatisation of PIA. PIA Board of Directors reviewed the proposal to transfer more assets of PIA to a state-owned holding company. PIA Board of Directors also approved repair of engines and other parts necessary to support the operating plan for the next year.