Section

Oversees Pakistani group Al Nihang offers to acquire debtridden Pakistan's national airlines

By Economic Times - 2 weeks ago
Al-Nihang, a Pakistani group based overseas, has submitted a bid of PKR 100 billion to acquire Pakistan International Airlines (PIA). The offer includes paying off PIA's debt, a 100% salary increase for employees, and modernizing the airline's fleet. This comes after both the Khyber Pakhtunkhwa and Punjab governments expressed interest in acquiring the struggling airline.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.