Pakistan International Arlines (PIA) : News / Updates

The crew of a Pakistan International Airlines (PIA) flight in the 1950s.

PIA began its impressive rise as one of the world’s leading airlines during the 1950s and 1960s

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Late Captain Asif Reza with FO Adnan (now Captain Adnan), FE Javed Sb on the B747-300 flight to Pakistan. reg: AP-BFX.
 
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The Privatisation Commission is all set to privatise Pakistan International Airlines Corporation Ltd (PIAC) on December 23 (Tuesday), as only three bidders remain in the race after the exit of Fauji Fertiliser Company Ltd.

According to the programme circulated by the Privatisation Commission on Sunday, bids will be submitted between 10:45am and 11:15am, while bids will be opened at 3:30pm, a process that will be shown live on television networks, as decided by the government.

Read more: https://www.dawn.com/news/1962584
 
With the privatisation of Pakistan International Airlines Corporation Limited (PIACL) — the country’s most high-profile transaction of a state-owned entity — scheduled for today (Tuesday), the government is making all-out efforts to prevent a repeat of what happened the last time the airline went under the hammer.

Three parties are currently in the hunt to acquire 75pc shares in the flag carrier — consortiums led by AirBlue, Arif Habib Pvt Ltd and Lucky Cement, following the exit of the Fauji Fertiliser Company (FFC).

Read more: https://www.dawn.com/news/1962759/all-eyes-on-pia-as-govt-looks-to-offload-major-liability-today
 
Historic live bidding to sell PIA. All buyers are Pakistanis.

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Meengla said:
Historic live bidding to sell PIA. All buyers are Pakistanis.

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So far, the Arif Habib group has bid the most: Rs. 115 billion.
Proceedings in Engish.
 
Updated link:

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Bids received:

Lucky: 101.5 billion
Airblue: 26 billion 🤡
Arif Habib: 115 Billion

Reference price: 100 billion

Process on going. Let’s see who wins between Lucky and Arif Habib.
 
Bilal said:
Bids received:

Lucky: 101.5 billion
Airblue: 26 billion 🤡
Arif Habib: 115 Billion

Reference price: 100 billion

Process on going. Let’s see who wins between Lucky and Arif Habib.
Click to expand...
No source
 
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