PIA to return all ATR72-500s as investigators probe deal

PIA - Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int'l) has resolved to return all ATR72-500s to their lessor earlier than stipulated due to high lease rates and a lack of prospects for the aircraft's utilisation in the current market environment, The Express Tribune has reported. "The bleeding stopped and an expensive deal of the past has been terminated. This is yet another course correction by the current PIA administration," the carrier said in a statement. All five...