Pakistan has sold its national airline, PIA. The privatization process concluded with a sale price of Rs 135 billion. A consortium led by A...

In the upcoming privatisation of Pakistan International Airlines, Finance Minister Muhammad Aurangzeb and Coordinator to Prime Minister Sha...

The extension, announced in a statement by Minister for Investment and Privatisation Abdul Aleem Khan, came a day before the expressions of...

The committee also backed the hiring of a financial adviser to process the transaction of Roosevelt Hotel, New York, an asset of the PIAInv...

A team from the Indian national carrier was sent to London to study the process, said S Venkat, an Air India veteran who retired as directo...

At a meeting with some 13 Air India unions in Delhi, Puri also said that the government was trying to address the concerns of the employees...

ACEU has also decided to launch a "united struggle" against privatisation bid which has already failed twice in the past, union said in a s...

Union Minister Jayant Sinha today said the private sector had the nous, and could run airlines "far better" than the government could.

In the consolidated FDI policy released on Monday, New Delhi said that the rule allowing foreign carriers to own up to 49% in Indian carrie...

However, the move may have come a little too late as hours later the Union Cabinet gave its in-principle approval for the disinvestment of ...

Facing tough financial conditions, Air India had resorted to salary cuts in 2012. Since then, arrears have been accumulating even as certai...

The committee will discuss recommendations on Air India and will decide on the method of privatisation for the national carrier.

A top government official today said the Cabinet is expected to take a decision on whether to privatise Air India, whose financial situatio...

Flight operations of PIA were suspended for over a week last month due to a countrywide strike by its employees against the planned privati...

Pakistan will privatise PIA, its loss-making national carrier as part of a deal with the IMF which is pushing the country to get rid of the...

Air India should be partly privatised as private investors will focus on maximising profit and in turn solve the carrier's operational issu...

Bahrain plans to privatise national carrier Gulf Air as soon as possible encouraged by positive results in its restructuring, a senior gove...