Pakistan International Arlines (PIA) : News / Updates

[Jango]

Blue World made the sole bid after getting to know 3 days before the actual bid that they are the only one bidding.

Thank you Ishaq Dar.

 

[rumoured maniac]

Blue World made the sole bid after getting to know 3 days before the actual bid that they are the only one bidding.

Thank you Ishaq Dar.

Just don't sell it to a foreigner

 

[flameboard]

THE airline charged premium prices. It’s mind blowing this is the level of incompetence.

 

[Lulldapull]

One of the best airlines from a generation ago now reduced to the worst airline on the verge of bankruptcy.

Subhanallah!

 

[PK784]

Blue World made the sole bid after getting to know 3 days before the actual bid that they are the only one bidding.

Thank you Ishaq Dar.

Seems Pak doesent want to sell PIA but was forced to do so by IMF. It now has an excuse in that it wasnt possible to sell.

 

[ACE OF HEARTS]

Just like the privatisation of ptcl, in which 26 % shares and management control was sold, similar approach should be applied for pia privatisation.

It's very difficult for a local company / consortium, in such economic conditions, to come up with such a hefty amount of money.

Less shares with less price albeit proportionally, to the minimum bid offer already calculated.

The servants of the people are willing to bank corrupt this country, in order to save a few thousand jobs, that which were attained with political connections without merit.

How much more millions of dollars does this economy has to lose and the country as a whole has to suffer, before any sensible decision is taken?

Why are protections for jobs and their pensions, and the debt amount, which is huge, the responsibility of the buyer?

Is the private buyer giving charity to the state of Pakistan?

but yes few million rupees spent for the small event with refreshments at the Serena hotel is ok ?

Was there something wrong to do the bidding at the privatisation commission office, and save money ?

 

[Goenitz]

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[HAIDER]

joke of the century ..

 

[HAIDER]

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[Lulldapull]

Seems Pak doesent want to sell PIA but was forced to do so by IMF. It now has an excuse in that it wasnt possible to sell.

Bilkul!

 

[_NOBODY_]

joke of the century ..

View attachment 76150

Do you realize the amount of heavy losses the buyer would have to endure if PIA is bought? There's a reason why hardly anyone wants to buy a liability like PIA.

 

[Fasbre2]

PIA exists not to make money, but source of jobs and so called national pride… this is true of some other countries as well.. eg. Bahrains Gulf Air.. which soaks up gov funding.. not profitable but source of jobs and national pride and prestige…

 

[ThrustVector998]

Do you realize the amount of heavy losses the buyer would have to endure if PIA is bought? There's a reason why hardly anyone wants to buy a liability like PIA.

Agreed. Surprised it even got 10billion bid

 

[Lulldapull]

joke of the century ..

View attachment 76150

Yaar why don’t all of us buy up this hotel mehran and make billions no?

Are we stupid?

If hotel mehran worth more than PIA, wth we waiting for?

 

[313Ghazi]

The only way PIA will ever be privatised is the govt sells 51% of it to someone else, retains no control on how it's operated and only keeps a hold of the 49% as a share of profits - up until the agreed sale price is reached.

This way someone can buy it for nothing, invest money into turning it into a profit making business and then eventually buy out it's silent partner (GoP) at a price agreed pre-sale.