{"id":13700,"date":"2024-05-19T12:20:36","date_gmt":"2024-05-19T09:20:36","guid":{"rendered":"https:\/\/aviation-news.info\/?p=13700"},"modified":"2024-05-19T12:20:36","modified_gmt":"2024-05-19T09:20:36","slug":"pakistan-airline-sale-bid-includes-global-aviation-groups","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=13700","title":{"rendered":"Pakistan Airline Sale Bid Includes Global Aviation Groups"},"content":{"rendered":"

Aviation News – Pak Ethanol Pvt. said a consortium it\u2019s leading to buy a majority stake in Pakistan\u2019s flagship air carrier includes several global aviation firms.<\/p>\n

Members of the consortium bidding for Pakistan International Airlines include Switzerland\u2019s Swiss Aviation Group AG, Austria\u2019s Airport Competence GmbH, Australia\u2019s Pearl Asset Management, as well as Pakistan\u2019s Serene Air and Air Sial Ltd., the ethanol maker said in a statement Saturday.<\/p>\n

Pakistan has sought bids to sell a majority stake in the carrier, which has failed to make a profit in almost two decades. The sale is a step toward the government\u2019s goal to undertake economic reforms agreed with the International Monetary Fund for a bailout and Pakistan\u2019s intentions to seek a new loan from the lender by July.<\/p>\n

Prime Minister Shehbaz Sharif, who returned to power in March, has said it\u2019s not sustainable for the government to bail out the loss-making airline.<\/p>\n

\u201cWe are confident that this unique blend of national and international collaboration will enable us to restore PIA to its former glory, ensuring it remains a symbol of national pride and a leader in the global aviation market,\u201d Pak Ethanol said in the statement.<\/p>\n

Pakistan\u2019s Privatisation Commission has said it received eight expressions of interest in the stake sale, including from the consortium led by Pak Ethanol.<\/p>\n

 <\/p>\n

Source: https:\/\/www.bloomberg.com\/news\/articles\/2024-05-18\/pakistan-airline-sale-bid-includes-global-avation-groups?srnd=phx-deals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aviation News – Pak Ethanol Pvt. said a consortium it\u2019s leading to buy a majority stake in Pakistan\u2019s flagship air carrier includes several global aviation firms. Members of the consortium bidding for Pakistan International Airlines include Switzerland\u2019s Swiss Aviation Group AG, Austria\u2019s Airport Competence GmbH, Australia\u2019s Pearl Asset Management, as well as Pakistan\u2019s Serene Air …<\/p>\n","protected":false},"author":1,"featured_media":13701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[98,102],"tags":[],"class_list":["post-13700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","category-featured-en"],"yoast_head":"\nPakistan Airline Sale Bid Includes Global Aviation Groups - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=13700\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan Airline Sale Bid Includes Global Aviation Groups\" \/>\n<meta property=\"og:description\" content=\"Aviation News – Pak Ethanol Pvt. said a consortium it\u2019s leading to buy a majority stake in Pakistan\u2019s flagship air carrier includes several global aviation firms. 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