Pakistan International Airlines (PIA) expects to resume its European flights soon and is eyeing several UK destinations after the European Union Aviation Safety Agency (EASA) lifted its suspension on the national carrier, as reported by Reuters in a conversation with PIA spokesperson Abdullah Hafeez. Khan. . Khan stated that the airline plans to approach the … Read more
SIALKOT: Aviation Minister Khawaja Asif has welcomed the decision of the European Commission and European Aviation Safety Agency (EASA) to lift the suspension on Pakistan International Airlines (PIA), stating that the move will enhance the value of the struggling national carrier. “This is an important development for PIA’s upcoming privatization efforts. It will add significant … Read more
The European Aviation Authority is set to announce its decision on the request of the Civil Aviation Authority (CAA) to lift the ban on Pakistani airlines operating in the European Union. The decision comes after a crucial three-day meeting of the European Air Safety Committee held in Brussels from 19 to 21 November. The committee … Read more
Former Interim Privatization Minister Fawad Hassan Fawad on Sunday expressed his surprise at the Cabinet’s approval to start the privatization process of Pakistan International Airlines with a sole bidder. “What is the need for bidding if there is only one bidder, and he has no background in aviation? This process has damaged the entire privatization … Read more
Former Finance Minister Miftah Ismail speaks during an interview with Reuters at his office in Islamabad on June 11, 2022. — Reuters Key says the governorate’s responsibility is education and health. “Four interested groups wanted to participate in the PIA bid.” The PIA sale faces a hurdle as the only bidder offers less than the … Read more
Punjab Chief Minister Maryam Nawaz has suggested to her father, former Prime Minister Nawaz Sharif, that he should consider buying Pakistan International Airlines (PIA) after the national airline received minimal interest during the recent privatization exercise. “Maryam said we should buy PIA and name it ‘Air Punjab’ after it becomes the best airline,” Nawaz Sharif … Read more
The final bidding process for the privatization of Pakistan International Airlines (PIA) took place at a local hotel in Islamabad, on October 31, 2024. — Screengrab via YouTube/Geo News ISLAMABAD: Pakistan International Airlines (PIA) has attracted Rs10 billion from the sole bidder for a stake in the national carrier for the expected minimum price of … Read more
A Pakistan International Airlines (PIA) plane prepares to take off at Allama Iqbal International Airport in Lahore. – Reuters/File There is only one day left until the deadline for submitting privatization bids for PIA. Concerns loom over potential delays in the PIA sale. The privatization of the General Investment Authority is a priority within the … Read more
A Pakistan International Airlines (PIA) plane prepares to take off at Allama Iqbal International Airport in Lahore. – Reuters/File Parliamentary Secretary for Communications briefs NA. The government delayed the process due to low interest from bidders and problems. The minister says the privatization of PIA was an elaborate process. ISLAMABAD: The current government has decided … Read more
This photo shows a Pakistan International Airlines (PIA) plane. – AFP/File Bidders say the risks outweigh the rewards without 100% ownership. An investment of $500 million cannot be justified without full management. The national carrier is burdened with liabilities worth Rs 200 billion. ISLAMABAD: Days after Finance Minister Muhammad Aurangzeb reassured about the privatization of … Read more