PIA reports Rs75bn loss in 2023 as privatisation process advances. Why would anyone want to acquire it?
Total liabilities of the national carrier have ballooned to Rs825 billion, but as part of the privatisation process, these liabilities will be shiftedÂ
PIA faces over Rs21 billion loss due to prolonged aircraft grounding
Audit report exposes high operational and financial setbacks linked to delayed maintenance and administrative negligence at the national airline
Civil Aviation Authority reorganised into three separate entities
New structure includes Pakistan Airports Authority, Bureau of Aircraft Safety Investigation
Govt proposes buyer-favored terms for PIA stake sale
Terms include partial purchase payments and debt-funded investments over three years.
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