Pakistan International Arlines (PIA) : News / Updates

[ghazi52]

 

[ghazi52]

 

[Fatman17]

President Zardari approves bill, 'fulfilling all legal formalities' for PIA's privatisation

Gives his assent to the Pakistan International Airlines Corporation (Conversion) (Repeal) Bill, 2026.

share.google

 

[Goenitz]

Is tax relaxation part of the defence budget?

 

[PK781]

good. It is a strategic asset, so good to have some sort of military sight on it.
We don't need it to get diluted with foreign interests

 

[ghazi52]

 

[PK781]

still waiting for improvement news out of PIA, seems things r at snail's pace still.
Where is the fleet improvements?

 

[Fatman17]

still waiting for improvement news out of PIA, seems things r at snail's pace still.
Where is the fleet improvements?

It will take a looong time to get things right ️

 

[Watandar]

still waiting for improvement news out of PIA, seems things r at snail's pace still.
Where is the fleet improvements?

way way too early. It will take at least 12 to 18 months of work to bring up PIA's standards, probably longer.

 

[ghazi52]

Govt transfers PIA management to investor consortium after first financial close​

• Privatisation Commission says the consortium paid Rs10 billion as part in first closing

BR
June 29, 2026

The government on Monday transferred management control of Pakistan International Airlines Corporation Limited (PIACL) to an investor consortium led by Arif Habib Corporation Limited after achieving the first financial closing of the airline’s privatisation.

The transfer follows the completion of all conditions precedent under the Share Purchase and Subscription Agreement (SPSA), the Privatisation Commission said in a statement.

Under the first closing, the consortium paid Rs10 billion to the government as part of the agreed sale proceeds and injected Rs80 billion into PIACL as fresh equity to strengthen the airline’s finances, support fleet expansion and modernisation, expand its route network and improve operations.

The privatisation transaction, finalised through bidding held on Dec 23, 2025, carries a total investment commitment of Rs180 billion.

This includes Rs55 billion for the government’s stake in PIACL and Rs125 billion in fresh capital for the airline.

 

[ghazi52]

The second financial closing is scheduled within 12 months, under which the consortium will inject an additional Rs45 billion into PIACL.

It has also exercised its call option to acquire the remaining 25% stake in the airline for another Rs45 billion, subject to the terms of the SPSA.

The Privatisation Commission said the transaction required completion of multiple conditions, including regulatory approvals, aviation policy reforms, aircraft financing arrangements, governance changes, tax restructuring related to legacy liabilities, and commercial consents.

Adviser to the Prime Minister on Privatisation Muhammad Ali said the transaction reflected the government’s commitment to economic reforms and greater private-sector participation.

 

[Yasser76]

still waiting for improvement news out of PIA, seems things r at snail's pace still.
Where is the fleet improvements?

These things take years, even ordering new planes, getting financing. New management, retraining.

I really hope they have a genuine fresh start. Pakistan has a world feared air force and a world joke of an airline