Pakistan Airlines New Owners Seek Partner to Revive Carrier PIA

A group led by Arif Habib Corp. is seeking a new partner to join its consortium to boost their efforts to revive the struggling national flag carrier after buying a majority stake.

“We are doing due diligence to see who can bring value,” Karachi-based business tycoon Arif Habib told journalists on Sunday, who led group of companies that bought a 75% stake in Pakistan International Airlines Corp. last month. “A lot of people have shown interest.”