PIA struggles to remain independent, Pakistan may sell off the ailing carrier

PIA-Pakistan International Airlines (Karachi) may be headed towards a split-up or sell off to a Gulf carrier according to this report by Reuters of India. Mohammad Zubair, Pakistan’s privatization czar, told Reuters its financial advisers are now in talks with several airlines about taking over the cash-strapped national carrier. The government wants to sell off the carrier in the next 18 months and also intends to split the airline into two companies. Political opposition will be intense in Pakistan concerning the possible sale according the interview.

According to the report, 10 PIA aircraft are currently grounded due to a lack of spare parts!

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Copyright Photo: Fred Freketic/AirlinersGallery.com. Boeing 777-240 LR AP-BGY (msn 33781) painted in the current 2010 livery arrives in New York (JFK).

PIA: AG Slide Show

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