PIA privatisation bidding set for December 23

December 04, 2025 (MLN): Pakistan International Airlines (PIA) is set to move into the final phase of privatisation, with competitive bidding scheduled for December 23, 2025.

The update was shared by Khurram Schehzad, Advisor to the Finance Minister.

A luncheon hosted by the Prime Minister brought together all pre-qualified bidders, marking a significant step toward transferring operational control of the national carrier to private investors.

The Prime Minister welcomed the investor groups and reiterated the government’s commitment to a transparent, competitive, and investor-friendly privatisation process.

Four financially robust consortia are now in the running to acquire PIA. The process aims to modernize the airline, expand its fleet, and restore service standards, while retaining the PIA brand and national identity.

Rapid route growth, improved customer service, and operational efficiency were highlighted as key priorities for the incoming management.

Investors were called upon to expand the fleet soon after privatisation and restore PIA back to its glory days of Great People to Fly With to unlock its full potential.

The bidding process will be broadcast live, underscoring the transparency and credibility of the exercise.

This privatisation could unlock significant investment in Pakistan’s aviation sector and improve operational efficiency, fleet modernization, and route expansion, benefiting both domestic and international passengers.

PIA has historically struggled with financial losses, operational inefficiencies, and declining service quality.

 Privatization, if successful, is expected to revitalize the airline and support broader economic and aviation reforms in the country.

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