Prospective purchasers of PIA – Pakistan International Airlines (PK, Islamabad International) are pushing back on a government requirement to invest USD500 million in the airline, increase its fleet, and maintain certain routes, according to the Express Tribune newspaper. Islamabad plans to sell a 75% stake in the majority state-owned carrier, but the six shortlisted bidders have raised objections to the proposed shareholders’ agreement and sale-purchase agreements.

The newspaper reports that a…

Source: ch aviation
Read more: Bidders grumble about gov't terms in PIA privatisation