An international consortium including global aviation groups has joined the bidding process for a controlling stake in loss-making PIA – Pakistan International Airlines (PK, Islamabad International), Bloomberg and Pakistan’s News International reported.

A May 18 announcement from the consortium reveals that its members include the consulting and management firm Swiss Aviation Group AG; Austria’s Airport Competence GmbH; Australia’s Pearl Asset Management PTY Limited; and Pakistan’s Serene Air…

Source: ch aviation
Read more: Global aviation-linked consortium joins race for PIA sale