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Pakistan International Airlines CEO must stay in country for leasing probe
PAKISTAN has barred the CEO of its state-owned airline from leaving the country as the government begins a probe into an aircraft leasing deal, reports Bloomberg News.
German national Bernd Hildenbrand, the CEO, has been forbidden exit after Pakistan's anti-graft Federal Investigation Agency made inquiries, said Interior Ministry spokesman Sarfraz Hussain.
The carrier hasn't made a profit in more than 10 years. Mr Hildenbrand has had a turbulent reign dealing with a plane crash in December that killed 48 people on board and labour unrest after the government attempted to sell a stake in the airline.
"It is the prerogative of any government to keep an eye on spending being done by entities owned by it, but one expects this to be done in a reasonable way," Mr Hildenbrand said. "They don't seem to have much understanding of the aviation leasing business so things can be explained to them. If they have doubts over my integrity they are welcome to interrogate me."
German national Bernd Hildenbrand, the CEO, has been forbidden exit after Pakistan's anti-graft Federal Investigation Agency made inquiries, said Interior Ministry spokesman Sarfraz Hussain.
The carrier hasn't made a profit in more than 10 years. Mr Hildenbrand has had a turbulent reign dealing with a plane crash in December that killed 48 people on board and labour unrest after the government attempted to sell a stake in the airline.
"It is the prerogative of any government to keep an eye on spending being done by entities owned by it, but one expects this to be done in a reasonable way," Mr Hildenbrand said. "They don't seem to have much understanding of the aviation leasing business so things can be explained to them. If they have doubts over my integrity they are welcome to interrogate me."
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