privatization

PIA expands its fleet; It is looking to revive European operations amid privatization efforts – Trendy Blogger

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PIA expands its fleet; It is looking to revive European operations amid privatization efforts – Trendy Blogger

Pakistan International Airlines (PIA) has made major strides towards operational and financial recovery with the addition of the 11th Airbus A320, registered as AP-BOM, to its fleet. The refurbished aircraft, equipped with new engines, promises to enhance PIA’s network and quality of service, the airline’s spokesperson confirmed in a statement. The Airbus 320 has undergone … Read more

The government is looking to increase the value of the privatization of PIA after the ban on EASA is lifted – Trendy Blogger

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The government is looking to increase the value of the privatization of PIA after the ban on EASA is lifted – Trendy Blogger

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

Privatization of the Pakistan Investment Authority is a government-to-government option since traditional bids fail – Trendy Blogger

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Privatization of the Pakistan Investment Authority is a government-to-government option since traditional bids fail – Trendy Blogger

The Ministerial Committee on Privatization (CCoP) on Thursday reaffirmed its commitment to divestment of Pakistan International Airlines (PIA) while mentioning the government-to-government (G2G) option for the first time. The shift comes after the committee rejected a Rs10 billion bid from the Blue World City consortium, which did not meet the minimum target of Rs85 billion … Read more

There is only one bidder left as the PIA privatization auction date approaches – Trendy Blogger

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There is only one bidder left as the PIA privatization auction date approaches – Trendy Blogger

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

Bidders are seeking full ownership of PIA amid looming privatization – Trendy Blogger

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Bidders are seeking full ownership of PIA amid looming privatization – Trendy Blogger

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