Pakistan Airline Sale Bid Includes Global Aviation Groups

Passengers board a Pakistan International Airlines flight.
Photographer: Aamir Qureshi/AFP/Getty Images

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By Faseeh Mangi and Dan Strumpf

May 18, 2024 at 11:40 AM UTC

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Pak Ethanol Pvt. said a consortium it’s leading to buy a majority stake in Pakistan’s flagship air carrier includes several global aviation firms.

Members of the consortium bidding for Pakistan International Airlines include Switzerland’s Swiss Aviation Group AG, Austria’s Airport Competence GmbH, Australia’s Pearl Asset Management, as well as Pakistan’s Serene Air and Air Sial Ltd., the ethanol maker said in a statement Saturday.