• Pakistan International Airlines sold to consortium led by Arif Habib Limited.
• Sale price: 135 billion Pakistani Rupees (US$482 million) for 75% stake.
• Pakistani government to receive 10 billion Rupees in cash, rest injected into airline to restructure.
• New owners to retain all employees, with unchanged contracts for 12 months

This sale may indicate the Pakistani government's willingness to divest state-owned assets to address financial challenges. The involvement of local companies, such as Lucky Cement and airblue, suggests a desire to maintain control and expertise in the airline's operations. The new owners may face operational and trust-building challenges, given the airline's past issues with pilot licensing and regulatory non-compliance.