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City reporter
Islamabad
New promoters of Pakistan International Airlines have announced that there will be no employee layoff for at least one year. The Pakistan International Airlines (PIA) was privatized in December 2025. The Pakistani consortium led by Arif Habib Group acquired 75% stake for PKR135 billion ($482M). While Pakistani Government retains 25%, the new owners to take over the operations in April 2026. According to Arif Habib, out of PIA’s 34 aircraft, only 17 are operational, while the airline plans to expand its fleet to 38 planes in the future.
