Pakistan’s loss-making national carrier appoints new CE
Loss-making Pakistan International Airlines Wednesday named Musharraf Rasool Cyan as its new CE, entrusting him with turning around the carrier’s fortunes after a turbulent year. Cyan, who PIA described as a ‘professional technocrat’, will face an uphill task in returning the airline to profitability and improving the carrier’s reputation which was dented by a plane crash in December and allegations of financial mismanagement. Cyan’s appointment follows the removal of the carrier’s German CE Bernd Hildenbrand, who was ousted in April after authorities launched a corruption investigation into leasing of planes from a Sri Lankan carrier. In March, Hildenbrand said PIA was losing about US$30m per month, while Gulf-based rivals such as Etihad Airlines and Emirates Airlines were eating into its market share. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-07/unaligned/pakistan2019s-loss-making-national-carrier-appoints-new-ce
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Pakistan’s loss-making national carrier appoints new CE
Loss-making Pakistan International Airlines Wednesday named Musharraf Rasool Cyan as its new CE, entrusting him with turning around the carrier’s fortunes after a turbulent year. Cyan, who PIA described as a ‘professional technocrat’, will face an uphill task in returning the airline to profitability and improving the carrier’s reputation which was dented by a plane crash in December and allegations of financial mismanagement. Cyan’s appointment follows the removal of the carrier’s German CE Bernd Hildenbrand, who was ousted in April after authorities launched a corruption investigation into leasing of planes from a Sri Lankan carrier. In March, Hildenbrand said PIA was losing about US$30m per month, while Gulf-based rivals such as Etihad Airlines and Emirates Airlines were eating into its market share. <br/>
