PIA yet to appoint a permanent Chief Executive Officer (CEO)
Air Vice Marshal (AVM) Muhammad Amir
Hayat has stepped down as Chief Executive Officer (CEO) of Pakistan
International Airlines Corporation Limited (PIACL) and its holding entity, PIA
Holding Company Limited (PIAHCL), following the completion of his deputation
from the Pakistan Air Force.
The transition took effect on
December 9, 2024, as confirmed by a notice from PIA Holding Company Limited to
the Pakistan Stock Exchange (PSX).
“Upon completion of deputation
tenure from Pakistan Air Force to Pakistan International Airlines Corporation
Limited (PIACL) / PIA Holding Company Limited (PIAHCL), AVM Muhammad Amir Hayat
has ceased to be the Chief Executive Officer of PIAHCL w.e.f. December 09, 2024,”
the notice stated.
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In the interim, senior executive
Khurram Mushtaq has been appointed as acting CEO, effective December 6.
Mushtaq, who has previously led key departments including Commercial, Airport
Services, Flight Services, Security, and Vigilance, is tasked with overseeing
the airline as it prepares to resume operations in Europe.
PIA is yet to appoint a permanent
CEO, a crucial step in stabilizing its operations and addressing ongoing
challenges. The airline is currently undergoing financial restructuring and
operational recovery following a failed privatization attempt in October, which
drew only one offer significantly below its valuation.
PIA is set to resume flights to
Europe in January 2025, starting with a Boeing 777 flight to Paris on January
10, following the lifting of a three-year ban by the EU aviation regulator. Bookings
for the flight opened on December 9.
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The EU suspended PIA's authorization
to operate in June 2020 due to concerns over the ability of Pakistani
authorities and the Civil Aviation Authority to ensure compliance with
international aviation standards.
“We have received approval for the
first flight’s schedule,” PIA spokesperson Abdullah Hafeez Khan confirmed,
emphasizing the airline’s commitment to regaining its international presence
and rebuilding customer trust.
Source: Profit Pakistan