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New PIA owner plans more GCC flights, lower airfares
KARACHI: Pakistan’s recently privatized national carrier, the Pakistan International Airlines (PIA), plans to increase its flights to the Gulf Cooperation Council (GCC) region as part of its post-privatization business strategy to achieve 7.5% annual revenue growth, its new owner said this week. A Pakistani consortium, led by Arif Habib Group, clinched a 75% stake in PIA for Rs135 billion ($482 million) on Dec. 23 after a competitive bidding process, in a deal that valued the airline at Rs180 billion ($643 million).
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arabnews.com
New PIA owner says airline will take time to make profits post-privatization
KARACHI: The recently privatized Pakistan International Airlines (PIA) will continue to face financial losses for another few years before start making profits, its new owner said…
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dawn.com
Arif Habib sees PIA privatisation creating more jobs in airline
Says number of airline staff is "reasonable"; confirms Fauji Fertiliser to be a shareholder of PIA.
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New PIA owner plans more GCC flights, lower airfares
KARACHI: Pakistan’s recently privatized national carrier, the Pakistan International Airlines (PIA), plans to increase its flights to the Gulf Cooperation Council (GCC) region as…