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Articles for tag: 20 aircraft, airline debt, airline workforce, Arif Habib, aviation sector, Civil Aviation Authority, completed, Debt of Rs.200 billion, Debt of Rs.800 billion, Directorate of Aviation, Federal Board of Revenue, fleet expansion, government business plan, month, national carrier, pakistan international airlines, PIA, PIA Buyer Terms, PIA Holding Company, PIA Obligations, PIA Operating Profits, PIA Tendering Process, Privatization of PIA, prohibition of resale, tender

September 5, 2024

News Desk

The PIA tender is likely to be completed in a month

KARACHI: The government has imposed conditions on the potential buyer of state-run Pakistan International Airlines (PIA), barring the investor from reselling the company for the first three years after its takeover and requiring it to induct 20 aircraft into the fleet. Speaking to The Express Tribune, Arif Habib, Chairman of Arif Habib Corporation, one of the default bidders for the airline, said the government’s business plan after the privatization of PIA showed that the buyer could not resell it for at least three years . Earlier, while discussing the business plan with a group of reporters, Habib said the new

August 24, 2024

News Desk

Pakistan seeks Turkish expertise to boost aviation industry

Listen to the article Finance Minister Senator Muhammad Aurangzeb stressed the importance of cooperation with Turkey in the aviation sector, describing it as a “vital component” of the two nations’ bilateral relations. His comments were made during a meeting on Friday with Pegasus Airlines Chairman Mehmat T. Nane and Lucky Cement Limited Managing Director Muhammad Ali Tabba. Aurangzeb said the partnership aligned with Prime Minister Shehbaz Sharif’s vision to upgrade Pakistan’s aviation industry. He also referred to a recent meeting with the Turkish trade minister, where discussions covered various avenues to strengthen trade and business cooperation between the two countries.

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