Joined: 03 Mar 2007
Location: South of France
|Posted: Fri Aug 19, 2022 1:43 pm Post subject: Pakistan looks to sell majority stake in PIA to Qatar
Dubai: Pakistan is likely to offer a 51 per cent stake in its flagship carrier to Qatar during a planned state visit next week.
The government on Monday shelved a plan to sell two LNG-fired power plants to Qatar and instead decided to offer 51 per cent stakes in the Roosevelt Hotel, New York, and the Pakistan International Airlines (PIA), said a report in The Express Tribune, citing sources familiar with the matter.
PIA has an even worse babu-neta-sifarish culture than what AI used to have. It will be interesting to see how they will cope with Qatar's management.
Maybe a good dose of Akbar Al Bakar is what poor old PIA needs.
I don't know which is the more pampered bunch : AI's widebodies (the aunties) or Jet's widebodies (the planes).