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Travel Radar - Aviation News > News > Aviation > Airline Economics > PIA Might Be Taken Over by Potential Investors, Says Pakistan
Airline EconomicsAirlines

PIA Might Be Taken Over by Potential Investors, Says Pakistan

Suhani Joshi
Last updated: 11 July 2025 14:58
By Suhani Joshi
2 Min Read
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PIA aircraft at the tarmac
PIA aircraft © Faisal Akram
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Pakistan International Airlines (PIA) is set to be taken over by potential investors, as stated by Pakistan. The country’s Privatisation Commission (PC) Board has successfully approved the prequalification of the investors.

This step comes after the country decided to embrace privatisation and divestment of Pakistan International Airlines Corporation Limited.

PIA aircraft at Amsterdam Schiphol Airport
Pakistan International Airlines (PIA) aircraft at the Amsterdam Schiphol Airport © Jan Buisman

Who are these four potential investors?

According to the Pakistan Observer, the prequalified investor parties are

  1. A consortium consisting of Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited, and Metro Ventures (Private) Limited.
  2. Another consortium, including Arif Habib Corporation Limited, Fatima Fertiliser Company Limited, City Schools (Private) Limited, and Lake City Holdings (Private) Limited
  3.  Fauji Fertiliser Company Limited
  4. Finally, Air Blue (Private) Limited

In a statement, the Pakistani government revealed that the four bidders have gone through “thorough scrutiny” after the Statements of Qualification (SQF) were handed over by the interested investors.

PIA aircraft landing at the Xi'an Xianyang International Airport
Pakistan International Airlines (PIA) aircraft landing at the Xi’an Xianyang International Airport © Wikimedia              Commons

Why was PIA banned?

The Pakistan government is seeking to sell at least 51% of the PIA and is willing to divest the rest of its stake in future negotiations.

In July 2020, the United Kingdom and the European Aviation Authorities enforced a ban on Pakistan International Airlines (PIA) after a major aircraft crash’s investigation revealed that the pilots operating the aircraft had fake licenses.

Although the European Aviation Authorities lifted the ban in 2024, PIA remains banned in the United Kingdom.

Do you think privatisation can change the fate of Pakistan International Airlines? Let us know in the comments!

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Suhani Joshi
BySuhani Joshi
Aviation Reporter - A master's student at the University of Edinburgh, political scientist and journalist, Suhani contributes the latest trends and developments in the aviation industry to Travel Radar.
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