KARACHI: Pakistan International Airlines (PIA) has ousted its acting Chief Executive Officer (CEO) Bernd Hildenbrand from his post, according to the notification issued.
According to the PIA’s notification, Chief Financial Officer (CFO) Nayyar Hayat has been given the charge of acting CEO of the national flag-carrier.
The government had also barred German national Hildenbrand from leaving the country due to an investigation into corruption charges, which he had denied.
“My conscience is clear. I haven’t done anything wrong. There’s no question of any corruption on my part. Whatever I did was to the best of my ability and in the best interest of PIA. All major transactions were made with the approval of Board of Directors and according to the rules,” he said.
The Federal Investigation Agency has launched an investigation against Hildenbrand for leasing aircraft at inflated rates Sri Lankan airline in comparison to prevailing market rates and for selling a PIA Airbus A310 aircraft to a German museum in violation of rules and regulations.
It is alleged that PIA lost millions of dollars as a result of aforementioned deal.
