Transportation
Gerry’s Group, Arif Habib Among Bidders for Pakistan Airline
- Pakistan looking to sell majority stake in state-owned carrier
- Deadline to submit initial bids extended until May 18
Passengers board a Pakistan International Airlines flight.
Photographer: Aamir Qureshi/AFP/Getty ImagesThis article is for subscribers only.
Tycoon Arif Habib and Gerry’s Group are among the initial ten bidders seeking to purchase a majority stake in state-owned Pakistan International Airlines.
Habib and Gerry’s Managing Director Akram Wali Muhammad confirmed that they’ve submitted bids for the carrier in messages sent to Bloomberg. Three private-sector airlines operating on domestic routes have also bid, privatization minister Abdul Aleem Khan said in a briefing earlier without disclosing the exact names.