Pakistan International Airlines Management Transferred to Consortium

Govt formally transfers management control of PIA to Arif Habib-led consortium

ISLAMABAD: The Privatisation Commission on Monday announced the formal transfer of management control of Pakistan International Airlines Corporation Limited (PIACL) to the Arif Habib Corporation-led consortium, culminating the privatisation process that began last year. “The government achieves first financial closing of PIACL privatisation transaction with management control transferred to the investor consortium following satisfaction of all conditions precedent under the Share Purchase and...

By [email protected] (Khaleeq Kiani)