PIA recommends federal government to sell key assets to ‘stay afloat’

Pakistan International Airline (PIA) has recommended the federal government to turn the national carrier into a debt-free organization by selling two of its key assets worth billions; hotels in New York and Paris, Dunya News learnt Wednesday.

Reportedly, Chief Executive Officer (CEO) of the carrier has proposed a plan to the federal government that involves selling off Roosevelt Hotel in New York City and Scribe Hotel in French Paris.

The recommendation was formally made in a meeting in Islamabad with top government officials earlier this month.
However, no concrete stance has been taken by the government over the recommendation until the filing of this report.

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