Pakistan’s sale of its national airline has drawn interest from several parties, including domestic carrier Airblue Ltd. and prominent businessmen Muhammad Ali Tabba and Arif Habib. Five groups have submitted qualification documents by the Thursday deadline, confirming the interested companies reported by Bloomberg News earlier. The final group includes Augment Securities and Investments Pvt., Serene Air Pvt., Bahria Foundation, Mega C&S Holding and Equitas Capital LLC, according to the statement. Another potential bidder is travel conglomerate Gerry’s Group, which is in advanced discussions to join an existing bidding group, Managing Director Akram Wali Muhammad said by phone. “We are excited to see some of the strongest Pakistani business groups showing interest in acquisition of PIA” Privatisation Adviser Muhammad Ali told Bloomberg. “We will complete the bidders pre-qualification in the next week and due diligence from potential bidders will start in the first week of July.” The reference price and finer details of the transaction will be decided during negotiations with investors close to the final bidding, Ali said. (Final update) https://www.bloomberg.com/news/articles/2025-06-19/pakistan-draws-several-bidders-for-loss-making-national-airline