Tag: financial challenges

Malaysia impounded PIA aircraft again over $4 million in dues
Business, Global, Pakistan

Malaysia impounded PIA aircraft again over $4 million in dues

In a recent development, Malaysia has once again impounded a Pakistan International Airlines (PIA) aircraft over unpaid dues amounting to $4 million. This incident comes as a blow to the already struggling national airline of Pakistan. Which has been facing financial troubles and reputational damage in recent years. The Malaysia authorities took action to detain the impounded PIA aircraft. A Boeing 777, which was scheduled to depart from Kuala Lumpur International Airport. This is not the first time that PIA has faced such a situation in Malaysia. Last year, in a similar incident, the Malaysian authorities impounded another PIA aircraft over unpaid lease dues. The outstanding amount of $4 million is reportedly related to aircraft ground handling and parking charges. Malaysian author...