Pakistani government reschedules PIA auction for October 30, after previous delays and challenges.

The Pakistani government will hold the auction for Pakistan International Airlines (PIA) on October 30, after several delays since its initial schedule of October 1. The privatization process began in February 2024, facing challenges like low bidder interest and legal issues. Six pre-qualified consortia, including Fly Jinnah and Air Blue, have been invited to bid for a 60% stake in the airline, with operational assets now separated for the auction.

October 23, 2024
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