Karachi – 18 May 2024 Pak Ethanol (Private) Limited is excited to announce the formation of a national consortium, partnering with leading international aviation groups, to bid for the revitalization of Pakistan International Airlines (PIA).
The consortium is co-led by Pak Ethanol (Private) Limited, Pakistan, and includes esteemed members:
- Serene Air (Private) Limited – Pakistan
- Air Sial Limited – Pakistan
- AsiaPak Investments Limited – Hong Kong
- Swiss Aviation Group AG – Switzerland
- Airport Competence – Austria
- Pearl Asset Management PTY Limited – Australia
- Capital A Consultancy (Air Asia Aviation Group) – Malaysia
This strategic partnership highlights our commitment to enhancing the nation’s economic growth and rejuvenating its aviation sector by integrating local expertise with global best practices.
Pak Ethanol believes that the key to transforming Pakistan International Airlines lies in a collaborative approach grounded in national pride. By uniting the finest minds and resources from both Pakistan and the international community, we are committed to a unified effort to achieve our shared goal. This consortium epitomizes the spirit of teamwork and national pride, embodying a collective vision for PIA’s future.
Our consortium aims to leverage the combined strengths of local and international partners, ensuring a comprehensive strategy for PIA’s turnaround. The participation of international aviation experts will bring advanced insights and innovative solutions, while national partners will ensure that the renewed PIA remains deeply connected to Pakistan’s cultural and economic interests.
We are confident that this unique blend of national and international collaboration will enable us to restore PIA to its former glory, ensuring it remains a symbol of national pride and a leader in the global aviation market.
