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ISLAMABAD: The consortium led by the Arif Habib Group has announced plans to acquire the remaining 25 per cent government stake in Pakistan International Airlines (PIA), thereby securing full control of the national flag carrier.
In December 2025, the group acquired a 75pc stake for Rs135 billion, with the goal of transforming the loss-making airline through operational restructuring, fleet expansion, and improved customer service. To ensure the success of its revival plan, the consortium now seeks to take full control of decision-making.
The acquisition will allow the consortium to implement management changes by the end of April. Shahid Ali Habib, CEO of Arif Habib Ltd, told Dawn that this will enable them to operate as a private entity, free from government-appointed board members.
“The change of sponsors is scheduled for late April or early May,” he added.
