The Pakistan Stock Exchange (PSE) has delisted shares in PIA – Pakistan International Airlines (PK, Islamabad International), effective May 25. The delisting is a cog in PIA’s privatisation that will see the loss-making carrier pass into majority private ownership and control.

The privatisation will see non-core assets and liabilities transferred off PIA’s balance sheet into a newly established entity called PIA Holding Company Limited (PIA HoldCo). The goal is to clean up PIA’s books and offload most of its debts, making…

Source: ch aviation
Read more: Pakistani bourse delists PIA shares, lists HoldCo shares