PIA privatisation bid: These private airlines show interest to takeover national airline

The privatisation of Pakistan International Airlines (PIA) is moving forward, with the bid process scheduled to take place next month.

This development comes after Federal Minister for Investment Board, Communications, and Privatisation Abdul Aleem Khan chaired a crucial meeting of the Privatization Commission Board.

According to the Ministry, the bid for PIA’s privatisation is set to take place on October 1, 2024.

During the meeting, the board reviewed the current status of the privatization efforts and discussed recommendations from the financial advisor regarding necessary changes to the qualifications for potential bidders.

The Privatization Commission has pre-qualified six bidders for the process.

The main bidders are Fly Jinnah, a consortium led by YB Holdings Pvt Ltd, and Airblue Limited, along with another consortium led by Pak Ethanol Pvt Ltd. Arif Habib Corporation Limited and Blue World City have also made the list of interested parties.