Submit Press release  ∑ eTN Team ·  Advertising  ·  eTN Awards  - Worldtourism Events    

Qatar Airways to buy PIA under German leadership?

Agha Iqrar Haroon, Dispatch News Desk, Pakistan (eTN Partner)  Feb 07, 2016

KARACHI, Pakistan - The privatization process of Pakistan International Airlines (PIA) has entered into the final stage. The goal is for completion by March of this year. This is the day of commitment given by the government to the International Monetary Fund (IMF).

Sources suggest that Qatar Airways Company Q.C.S.C has voiced its interest to buy PIA. In the meantime, Hayden Berg was appointed as the new Chief Operating Officer (COO)of Pakistan's national carrier. Mr. Berg is German.

The PIA union claims that this new to-be appointed COO is working on behalf of Qatar Airways to evaluate the financial health and pending liabilities of PIA, while the government of Pakistan claims that the new COO is working as an employee of PIA at a monthly salary of around $25,000, and the terms and conditions of his appointment are to modernize PIA.

Qatar Airways to buy PIA under German leadership?

Premium Partners