PIA Sold Amid Financial Crisis, New Owners to Take Control from April 2026

Pakistan International Airlines has been sold to a consortium of investors led by Arif Habib Limited, with the Pakistani government receiving 10 billion Pakistani Rupees in cash. The new owners will take full control from April 2026, retaining all employees for at least 12 months. The airline faces operational challenges and trust recovery issues, but the sale may bring stability and investment. According to AeroTime, the acquisition price of US$482 million reflects a significant financial burden on the airline.