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!
PIA’s (Pakistan International Airlines) (Karachi) flight PK 782 with 273 passengers and crew on board operating from Toronto (Pearson) to Karachi diverted this morning to Stockholm (Arlanda) after a tip was received stating one of the passengers on board had a bomb. Boeing 777-240 LR AP-BGY (msn 33781) landed safely and so far no bomb has been discovered. One person is being held for questioning.