PIA’s final auction delayed for two months as bidders ask for more information: reportÂ
Bidders wait for the airline’s latest audited accounts and clarity on flights to EuropeÂ
PIA’s privatisation process is almost completed, NA aviation panel apprised
CAA faces budget constraints for airport development, relies on second-generation equipment
Pakistan to tackle potential bidders’ concern over airline safety ban
Privatization Commission says addressing concerns voiced by pre-qualified bidders for a stake ranging from 51% to 100%
Tajikistan’s Somon Air starts flight operations in Pakistan
First flight with 14 passengers lands at Islamabad International Airport, departs with 52 passengers
FlyDubai to launch flights to Islamabad and Lahore
Flights to Islamabad International Airport and Allama Iqbal International Airport will operate daily from July 1, 2024
PIA is up for sale, and there’s a six-way battle for who will take the prize
Four different airlines, power producers, and real estate developers are all in the running to buy PIA when the airline is finally privatised
Six companies shortlisted to bid for PIA
Pakistan has shortlisted six companies to bid for the acquisition of the national carrier, Pakistan International Airlines (PIA), according to the privatisation...
IATA urges Pakistan to release blocked airline fundsÂ
Situation becomes severe in Pakistan and Bangladesh with airlines unable to repatriate $731 million of revenues earned in these markets, says IATA
EU delays decision on lifting PIA flight ban
Pakistan advised to appoint officers with professional qualifications in civil aviation
Govt allows Air Sial to expand flight operations to seven int’l destinationsÂ
Air Sial given approval under National Aviation Policy 2023 to start flights to China, Malaysia, Sri Lanka, Thailand, Turkiye, the UK, and Kuwait
SECP approves restructuring of PIACL
Non-core assets and liabilities of PIACL will be transferred to PIA Holding Company Limited
CCP approves scheme of arrangements for privatization of PIA
Proposed transaction will not lead to the dominance of holding company in the relevant market post-transaction, concludes CCP
Pakistan, Bangladesh blocking over $720m of airline revenues: IATA
The situation becomes severe with airlines unable to repatriate 399 million from Pakistan and $323 million from Bangladesh of revenues earned in these markets, says airlines’ association
Govt, lender banks conclude PIA’s commercial debt negotiations
Under the arrangement, airline’s commercial domestic debt will be moved to PIA Holding Company Ltd
PIA’s liabilities and assets to be transferred to holding company as privatisation process enters next stage. What will the timeline look like?
Former governor of the State Bank, Tariq Bajwa, has been appointed chairman of the 11 member board as plans for privatisation enter the vital phase-II stage.