Pakistan International Airlines (PIA) is launching its third privatization attempt, introducing attractive incentives to attract serious buyers after two previous unsuccessful tries. The bidding process will remain open until June 3, 2025, with an auction expected between October and December …
Pakistan’s privatization of its national airline, Pakistan International Airlines (PIA), has been delayed, with a new deadline set for December 2025, extended from the original July 2025 target by the IMF. This decision aims to address employee rights and service …
The Sri Lankan government has reversed plans to privatize SriLankan Airlines, aiming to maintain it as a national carrier while enhancing profitability and operational efficiency. President Anura Kumara Dissanayake announced this strategic shift, focusing on reforms to reduce debt and …
Pakistan International Airlines (PIA) has reported its first net profit in over 20 years, earning Rs 26.2 billion in fiscal year 2024. This turnaround follows extensive reforms, including cost control and workforce rationalization, leading to an impressive operating profit of …
Pakistan International Airlines (PIA) has resumed flights to Europe, a key step in its privatization efforts aimed at attracting investors. Federal Minister for Privatization, Abdul Aleem Khan, announced reforms including the removal of an 18% sales tax on new aircraft …
