Pakistan has completed the privatisation of its national airline, selling Pakistan International Airlines (PK) for Rs 135 billion ($482 Million) after a competitive bidding process in Islamabad (ISB).
Pakistan International Airlines Privarization
PIA’s privatization effort now stands at a crucial juncture, with four bidders moving ahead and the government signaling urgency in closing the transaction.
A team from the U.S. Federal Aviation Administration (FAA) is scheduled to arrive in Pakistan (ISB) on September 6 to conduct an audit that could determine whether direct flights between Pakistan and the United States resume.
Two Pakistan International Airlines (PK) flights made a U-turn back to Karachi Jinnah International Airport (KHI) amid technical issues on consecutive days.
Pakistan’s national airline prepares for European route revival amid strategic reforms, marking crucial progress in its privatization journey.
Pakistan International Airlines (PK), or PIA allowed to operate flights to Europe after the European Aviation Safety Agency (EASA) lifted the ban and now it expects the same from the United States (US) and eyes New York Flights with Boeing 777 fleet.
In a significant breakthrough for Pakistan International Airlines (PIA), Aviation Minister Khawaja Asif announced on Friday the comprehensive lifting of the European flight ban by the European Commission and European Aviation Safety Agency (EASA).
In recent years, the trend of privatizing flag carriers has gained traction across the Indian subcontinent. Air India (AI), Pakistan International Airlines (PK), and Sri Lankan Airlines (UL) have each experienced government-driven efforts toward privatization, though with varying degrees of success.