A Turkish Airlines has shown its interest to purchase Pakistan International Airlines (PIA), the state air carrier of Pakistan. This was disclosed by Pakistan’s Minister of State for Finance Ali Pervaiz Malik during a television interview.
Pakistan International Airlines is currently burdened with a debt of approximately Rupees 800 billion ($2.9 billion) and has received multiple government bailout packages in the past few years. The Privatization Commission of Pakistan has already announced that the auction for Pakistan International Airlines (PIA) will take place on October 1, 2024.
He said that a Turkish airline has shown interest in the purchase of Pakistan International Airlines. Pakistan International Airlines (PIA) has faced financial challenges from the last many years and got financial bailouts from successive governments to carry out its operations.
