Pakistan Invites Bids for Majority Stake in National Carrier PIA
The government of Pakistan has officially invited Expressions of Interest for the privatization of Pakistan International Airlines (PIA). Potential investors can bid for a controlling stake of between 51% and 100% in the national carrier. This move is part of a broader restructuring plan to make the debt-laden airline financially viable. The plan involves splitting PIA into a core airline entity and a holding company that will retain non-core assets and legacy liabilities. The deadline for submitting bids is set for May 3rd, marking a significant step in the long-discussed sale of the airline.
Official Source: https://www.corporatejetinvestor.com/news/pia-10/
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