ISLAMABAD: An overseas Pakistani group, Al Nahang, has proposed to acquire nationl flag carrier the Pakistan International Airlines (PIA) for over Rs125 billion, including a pledge to settle the airline’s Rs250 billion debt.
The Al Nahang, has reportedly sent a formal offer via email to the ministers of privatisation, aviation, and defence, outlining its vision to revitalize PIA.
In addition to debt repayment, Al Nahang’s proposal promises not to lay off PIA employees and offers a phased plan to double salaries across 30 pay periods.
The group has also presented a comprehensive business plan, which includes adding modern aircraft to PIA’s fleet and developing the airline into a maintenance hub for other carriers.
Meanshile, it was learnt that the PIA is looking for a new chief executive officer to replace Amir Hayat, who has completed his term at the national flag carrier.
The PIA has placed a advertisement, seeking applications from the suitable candidates with in 15 days. The candidates, between the age of 45-57 years, must have 20 years of experience of running a large corporation or at least 10 years of management experience in the aviation industry.
In response to corruption allegations levelled by Society of Aircraft Engineers of Pakistan (SAEP), Pakistan International Airlines (PIA) attempted to seal the SAEP office.
When PIA Security Department team reached the SEAP office to seal it, engineers rushed to the office and locked the office themselves.
SAEP secretary Owais Khan Jadoon said the administration resorted to cheap tactics over exposing the PIA corruption, adding the PIA team came without written order to seal the office.
On the other hand, PIA spokesperson said that it had written order for sealing SAEP office.
The spokesperson refuted the corruption allegations levelled by SAEP and termed the attitude of the newly elected body of SAEP as deplorable.
He said the PIA is selling the faulty engines of the aircrafts as per rules and regulations, adding it is a routine practice in the aviation industry.
Earlier, Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur has expressed his determination to go to any extent in his government’s bid to purchase the PIA.
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