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 Privatization
Pakistan International Airlines (PK) has faced severe operational disruptions after its engineers refused to certify several aircraft as airworthy, leaving numerous planes grounded at major hubs, including Karachi (KHI), Lahore (LHE), and Islamabad (IST).
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.
Pakistan’s national airline prepares for European route revival amid strategic reforms, marking crucial progress in its privatization journey.
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.
Finance Minister Muhammad Aurangzeb has stated that the process of privatizing Pakistan International Airlines (PK) will be finalized by the end of June or early July