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 funds 

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 destinations 

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.

Seven International investors show interest in PIA, three airports

Aviation ministry didn't clarify whether the investors are companies or governments

Fly Jinnah to start international flights from Islamabad to Sharjah

Airline plans to add more international routes in the near future

PIA pays $13mn to reclaim aircraft stranded for two years

AP-DLG returned to Pakistan on Tuesday, and the other is set to return following the other $13 million

Ernst & Young hired as financial advisor for privatisation of PIA

ISLAMABAD: The Privatisation Commission (PC) Board has approved appointments of British multinational, Ernst & Young (EY) as a Financial Advisor to aid...

PIA resolves $26mn dispute with AACL through out-of-court settlement

Pakistan International Airlines Corporation Limited (PIACL) has reportedly resolved a $26 million dispute with Asia Aviation Capital Limited (AACL) through an out-of-court...