Only one of the six companies prequalified for the privatization of Pakistan International Airlines (PIA) has confirmed its interest by submitting earnest money ahead of the October 31 bidding date, meeting Tuesday’s deadline.
According to Bloomberg, the remaining five consortiums opted out of the final bidding phase for PIA. A spokesperson from the Privatization Ministry confirmed that only one bidder deposited the required earnest money with the Privatization Commission but did not disclose the name of the company.
Earlier, the Privatization Commission had prequalified six parties based on their technical, financial, and documentation compliance with the request for a statement of qualification (RSoQ). The six shortlisted parties included:
- Fly Jinnah Limited
- Air Blue Limited
- Arif Habib Corporation Limited
- A consortium led by Y.B. Holdings (including Pioneer Cement Limited, Artistic Milliners Limited, ANS Capital Private Limited, and Metro Ventures Private Limited)
- A consortium led by Pak Ethanol (including AirSial Limited, Serene Airlines Private Limited, and Liberty Daharki Power Limited)
- A consortium led by Blue World City (including Blue World Aviation and IRIS Communication Limited)
With only one qualified bidder, it remains uncertain whether the bidding process will proceed as scheduled on Thursday or face another delay.
