Minister for Defence, Defence Production, and Aviation Khawaja Asif informed the National Assembly on Monday that the privatization process of Pakistan International Airlines (PIA) will be finalized by the end of October.
Responding to a calling attention notice regarding the prolonged closure of Hyderabad airport for commercial flights, he said that reopening PIA flights on this route is not financially feasible.
He explained that PIA currently faces a debt burden of Rs. 800 billion, and routes that are not financially viable cannot be operated.
Responding to another question, he said that the government has no objection if a private airline wants to operate from Hyderabad airport.
Not looks possible in October or even beyond. The liabilities of PIA are almost 8 times of its assets. The intention of government is also very weak as nobody dare to face the problems of airline,s employees as there is no alternative for them.