Pakistan International Airlines (PIA)



Pakistan mulls transaction structure for second attempt to privatize loss-making national airline

  • Last year, a deal fell through after a potential buyer reportedly offered $36 million for a 60 percent stake in PIA, a fraction of the asking price
  • Pakistan is looking to privatize the debt-ridden airline to raise funds and reform state-owned enterprises as envisaged under a $7 billion IMF program
By Ismail Dilawar ·