Work on PIA restructuring plan expedited

The 500 creditors have approved the restructuring plan. You will receive 20 percent within two years.

Work on PIA restructuring plan expedited

KARACHI: Work on the restructuring plan of Pakistan International Airlines (PIA) for privatisation, expedited, ARY News reported. As per details, the PIA administration has sought applications from legal and corporate firms for the restructuring plan of the national flag carrier. The Department of Contract Management has been directed to forward the applications by October 6. The assets belonging to the PIA, including property, debts, aircraft, …

VIENNA. The lucky people of the Kika/Leiner chain will vote on the submitted restructuring plan at the St. Plten Regional Court on Monday morning.

The creditors of the Kika/Leiner furniture chain will vote on the submitted restructuring plan at the St. Pölten Regional Court on Monday morning. The financial procurator, as lawyer for the Republic, had demanded a higher financial contribution from former Kika/Leiner owner Signa in advance and criticized the fixed settlement. In addition, insolvency administrator Volker Leitner will provide information on the status of restructuring at the mee…