Olympus81
Trusted Member
Honestly, its not a bad deal if the Pakistani taxpayer can swallow the bitter pill and take up PIA’s debt obligation one last time.
And the potential buyer can take it from there.
But a private buyer would be too dumb to buy PIA from a clean balance sheet. There is too much baggage in terms of nepotism, operational losses, bans in EU skies, lack of aviation infrastructure within Pakistan, CAA redtape.
And the potential buyer can take it from there.
But a private buyer would be too dumb to buy PIA from a clean balance sheet. There is too much baggage in terms of nepotism, operational losses, bans in EU skies, lack of aviation infrastructure within Pakistan, CAA redtape.




















