Six consortiums pre-qualify for PIA bid

The privatisation process of Pakistan International Airlines (PIA) has taken another turn with the government pre-qualifying six consortiums for bidding, while disqualifying two others due to concerns about their financial standing. This marks the second extension to the original deadline, with the bidding process now expected to take place in August. The decision comes amidst a continued ban imposed by the European Union (EU) on PIA flights within its airspace due to “safety concerns.” The three consortiums deemed strongest due to their financial strength and experience in the aviation sector include, Fly-Jinnah-Air-Arabia Consortium: This consortium combines the expertise of Fly-Jinnah, a new Pakistani airline, with the established Middle Eastern carrier, Air Arabia.