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PIA, CATHAY PACIFIC RENEW AIRCRAFT LEASE AGREEMENT.
ISLAMABAD, May 1 Asia Pulse - Pakistan International Airlines (PIA) has signed an agreement for the renewal of a lease contract for five aircraft from Cathay Pacific. PIA will save more than Rs300 million (US$4.97 million) yearly in maintenance and rental cost for five years, says a PIA news release. The agreement signed in Bangkok Thursday last gave PIA an option to purchase these aircraft during or at the end of the lease term at a fixed price.
Director Corporate Planning PIA ...
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