
Faseeh Mangi, Bloomberg, Pakistan Bureau Chief
June 19, 2025 at 09:07 AM
*Pakistan Draws Several Bidders for Loss-Making National Airline PIA*
Pakistan’s sale of its national airline has drawn interest from several parties, including domestic carrier Airblue Ltd. and travel conglomerate Gerry’s Group.
Airblue Managing Director Aslam Chaudhary and Gerry’s Group Managing Director Akram Wali Muhammad both confirmed their plans to participate in the sale of a 51% to 100% stake in Pakistan International Airlines to Bloomberg News.
Prominent businessmen Muhammad Ali Tabba and Arif Habib have formed separate consortia to bid for the airline. Habib said in a phone interview that he has teamed up with Fatima Fertilizer Ltd., Lake City and The City School.
And another keen party is one of Pakistan’s largest businesses, Yunus Brothers Group, which is bidding in a consortium including Mega Group, Kohat Cement Co. and Metro Group.
https://www.bloomberg.com/news/articles/2025-06-19/pakistan-draws-several-bidders-for-loss-making-national-airline
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