PIA Privatization: Arif Habib Consortium Acquires 75% Stake; Fleet Expansion Planned
Arif Habib Group-led consortium acquires 75% stake in Pakistan International Airlines for Rs135 billion, plans to expand fleet to 64 aircraft and retain all employees for 12 months post-transaction.
Pakistan Airlines Privatisation: Arif Habib Consortium Secures Rs135 Billion Bid
The Arif Habib consortium wins the Rs135 billion bid for Pakistan International Airlines, marking the country’s first major privatisation in nearly 20 years and promising fleet expansion, investment, and operational turnaround.