PIA owner says airline in talks with Boeing as privatization deal formally concludes

ISLAMABAD: The new owner of the Pakistan International Airlines (PIA) said on Thursday that the airline was in talks with aerospace manufacturer Boeing as he vowed to expand its current fleet and ensure service revamp as the government formally concluded its privatization process. A Pakistani consortium led by the Arif Habib Group secured a 75 percent stake in the PIA last month for Rs135 billion ($482 million) after several rounds of bidding, valuing the airline at Rs180 billion ($643 million).

Raccontata dadawn.comarabnews.com