The Scheme of Arrangement (SoA) for Pakistan International Airlines Corporation Limited’s (PIACL) privatization process has received approval from the Competition Commission of Pakistan (CCP).
Once the SECP’s permission is finalized, this will formalize the transfer of non-core assets and liabilities to the newly established PIA Holding Company Limited, paving the way for a debt-light PIACL. This clearance represents a critical step in the PIACL’s restructuring process.
Major investors, including airlines and corporate giants, have expressed a great deal of interest in the privatization of the PIACL and have submitted expressions of interest for this transaction.
