Pakistan International Arlines (PIA) : News / Updates

[PK781]

PIA needs Newer Widebodies like the A350 or the B787s

Also need maybe A321s for regional routes to increase capacity

UK and European network expansion needed as well as more destinations in North America. Increase Toronto to daily B777 service

 

[PK781]

Someone do my OCD a favour and correct the spelling mistake for the title of this thread please

Where is @Fatman17 when you need his services! lol

 

[Colt_Six_Nine]

PIA needs Newer Widebodies like the A350 or the B787s

Also need maybe A321s for regional routes to increase capacity

UK and European network expansion needed as well as more destinations in North America. Increase Toronto to daily B777 service

Imo PIA should begin with running their current operations efficiently and with integrity. That would be much better than spending hundreds of millions on new jets. I think PIA already has some 777s in storage? (fact check needed)

The flight to Toronto is mostly on time in my experience - because the penalties/stakes are higher here?

PIA could benefit significantly from just running efficient and reliable direct flight operations to large diasporas like NYC, Houstan, Manchester etc.

 

[PK781]

Imo PIA should begin with running their current operations efficiently and with integrity. That would be much better than spending hundreds of millions on new jets. I think PIA already has some 777s in storage? (fact check needed)

The flight to Toronto is mostly on time in my experience - because the penalties/stakes are higher here?

PIA could benefit significantly from just running efficient and reliable direct flight operations to large diasporas like NYC, Houstan, Manchester etc.

Correct, currently only 6 out of 12 B777s are operational. The other 6 if brought back to life can add to capacity. However, newer jets can mean a savings on fuel/efficiency if it inducts newer widebodies.

I'm sure they can turn it around once they get the entire fleet operational.
Nothing beats a direct flight rather than connecting in europe or middle east.

 

[Colt_Six_Nine]

Correct, currently only 6 out of 12 B777s are operational. The other 6 if brought back to life can add to capacity. However, newer jets can mean a savings on fuel/efficiency if it inducts newer widebodies.

I'm sure they can turn it around once they get the entire fleet operational.
Nothing beats a direct flight rather than connecting in europe or middle east.

Agreed.

I'm not familiar with the economics of airliners as much but refurbishing some may be an acceptable compromise too. Leasing can also be a favorable option.

 

[bafxet]

Correct, currently only 6 out of 12 B777s are operational. The other 6 if brought back to life can add to capacity. However, newer jets can mean a savings on fuel/efficiency if it inducts newer widebodies.

I'm sure they can turn it around once they get the entire fleet operational.
Nothing beats a direct flight rather than connecting in europe or middle east.

The acquisition of new jets isn't something that's done arbitrarily. It depends upon the number of passengers load that's is available and can be tapped so as to enhance the airlines' share and the business that is taken away by other carriers.

In our case Pakistan, the potential is huge. plethora amount of money is going out to carriers like emirates, qatar Airways, Etihad, Saudia etc etc. Therefore the the growth in the number of carriers is consequential.

Therefore with improvement in service PIA must add new aircrafts to its fleet

 

[ghazi52]

 

[Goenitz]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

Bought in 10 billion Rs and got 14 billion Rs properties also

 

[ghazi52]

PIA buyers get Rs14.2b properties​

Senate committee told assets in India, Netherlands, US part of Rs55b deal

Shahbaz Rana
July 15, 2026

ISLAMABAD: The government has transferred 11 properties worth Rs14.2 billion, including seven situated abroad, to the new buyers of Pakistan International Airlines (PIA), who also want to make Islamabad their new business hub, said the Privatisation Commission on Tuesday.

The Rs14.2 billion sum is Rs4 billion more than the Rs10 billion cash that the new buyers paid against the acquisition of 75% shares. The government has sold 100% stake in return for Rs55 billion cash, but the final phase of transfer of 25% shares and payment of the remaining Rs45 billion cash are pending.

Privatisation Secretary Usman Bajwa shared these details with the Senate Standing Committee on Privatisation, which met to discuss issues related to outsourcing of three major airports, privatisation of power distribution companies, and the value and number of PIA properties given to the new buyers.

Bajwa also informed the committee that US-based banks were keen to acquire the pricey Roosevelt Hotel, New York. However, the final strategic decisions about the joint venture and the target set of foreign investors for privatisation of the hotel were pending.

The Privatisation Commission on Tuesday officially disclosed the list of 11 properties, including seven situated in India, the Netherlands, Uzbekistan and the United States. Four local properties are in Rawalpindi, Peshawar, Islamabad and Quetta.

Out of 44 properties, 11 valued at Rs14.2 billion have been given as part of the PIA privatisation transaction, Bajwa said while officially sharing these details for the first time with the Senate committee. PML-N Senator Afnan Ullah Khan chaired the meeting.

Bajwa said the remaining 33 properties have been retained under the PIA Holding Company.

 

[ghazi52]

The government completed the divestment of 75% shares of PIACL on June 29, 2026, and management control has been transferred to the purchaser.

The committee was informed that the buyers paid Rs10 billion to the government as sale proceeds, and Rs80 billion was injected into PIACL as fresh equity to strengthen the airline's financial position, support fleet expansion and modernisation, expand its route network, enhance operational performance and customer service, and position the airline for long-term growth.

The committee was further told that the second closing is scheduled to take place within one year of the first closing, in accordance with the terms of the Sale Purchase Agreement, whereby the consortium has committed to invest a further Rs45 billion into PIACL.

The purchaser has also served its intent to buy the remaining 25% of PIACL shares as a call option within 12 months of first closing under the supplementary agreement for an additional payment of Rs45 billion to the Government of Pakistan.

 

[ghazi52]

Roosevelt Hotel

To a question, Bajwa said the Roosevelt Hotel will be taken to the market by December this year, and US banks have shown interest in acquiring it. The government wants to promote competition to get the best price, but a few strategic decisions are pending.

Bajwa said decisions about the nature of the joint venture and the targeted investors have not yet been taken.

 

[ghazi52]

Foreign properties

The commission informed the committee that two PIA properties in India had been given to the new buyers. These are Flat No.32, 3rd Floor, Jolly Maker-III, J.D. Somani Marg, Cuffe Parade, Mumbai, valued at Indian Rupee 112.5 million. Two floors in New Delhi, 5th and 6th at Narain Manzil, are also part of the transaction, valued at Indian rupee 121.92 million.

Three properties are situated in Amsterdam, Netherlands: at Leidsestraat 17, 1017 NT Amsterdam, valued at Euro 2.1 million; Koningsvaren 109, 1391 Amsterdam, valued at Euro 750,000; and Van Nijenrodeweg 835, 1082 JM Amsterdam, valued at Euro 583,000.

There is one property in Tashkent, worth 4 billion Uzbekistani Som, according to the commission, and one property in New York, Residence No 55 Saxon Woods Road Scarsdale, NY, valued at $1.7 million.

 

[bafxet]

Foreign properties

The commission informed the committee that two PIA properties in India had been given to the new buyers. These are Flat No.32, 3rd Floor, Jolly Maker-III, J.D. Somani Marg, Cuffe Parade, Mumbai, valued at Indian Rupee 112.5 million. Two floors in New Delhi, 5th and 6th at Narain Manzil, are also part of the transaction, valued at Indian rupee 121.92 million.

Three properties are situated in Amsterdam, Netherlands: at Leidsestraat 17, 1017 NT Amsterdam, valued at Euro 2.1 million; Koningsvaren 109, 1391 Amsterdam, valued at Euro 750,000; and Van Nijenrodeweg 835, 1082 JM Amsterdam, valued at Euro 583,000.

There is one property in Tashkent, worth 4 billion Uzbekistani Som, according to the commission, and one property in New York, Residence No 55 Saxon Woods Road Scarsdale, NY, valued at $1.7 million.

Seems that AH consortium got a good bargain after all.