PIA privitization process to be finalised in three months: Aleem Khan

ISLAMABAD: Federal Minister for Privatization Abdul Aleem khan said that the privatization process of Pakistan International Airlines (PIA) is expected to be completed within the next three months, ARY News reported.

Aleem Khan stated that the government has addressed the concerns of interested parties and made necessary changes to make the privatization process more attractive to investors.

He maintained that the privatization process will attract significant interest from investors, citing the recent improvements in PIA’s operations and finances.

He also highlighted the upcoming launch of PIA flights to Europe, which is expected to create a more favorable environment for privatization.

The government’s efforts to revamp PIA have started to bear fruit, with the airline returning to profitability. Khan also announced that PIA will resume flights to the UK within the next three months, with plans to expand services to the US and Far East in the future.

Also read: PIA ‘set’ to resume direct flights to US

On the other hand, PIA is gearing up for the revival of the direct flights to the United States (US).

As per details, hopes for direct flights revival to the US by PIA as a delegation from the US Federal Aviation Administration (FAA) is scheduled to visit Pakistan in mid-March for a final clearance inspection, sources said.

The five-member FAA team will assess Pakistan’s aviation standards to determine eligibility for Category 1 status, a prerequisite for resuming direct flights to the United States.

According to sources, a memorandum of understanding (MoU) for the resumption of direct flights between Pakistan and the US has already been signed.