ISLAMABAD: Ernst & Young, financial advisor for the privatisation of Pakistan International Airline Ltd (PIACL), on Thursday, presented a business plan forecasting the investment roadmap together with immediate funding requirements of the national carrier.
Chairing a meeting Caretaker Minister for Privatisation Fawad Hasan made some suggestions to further rationalise the projections contained in the plan before submission to the federal cabinet for approval.
The proposed plan covered the capital and fleet requirements of the airline in the short- and medium term to make it a viable and globally competitive airline.
The Privatisation Commission says the legal segregation plan and transaction structure together with the business plan and valuation methodology will be taken up by the federal cabinet for final approval.
Published in Dawn, January 26th, 2024
