A catering van at Karachi’s Jinnah International Airport caught fire on Tuesday while delivering food for the PK-304 flight. Thanks to the swift action from airport staff, potential damage was averted as they promptly relocated the van away from the aircraft. No harm was inflicted on the aircraft, passengers, or other assets. Pakistan International Airlines (PIA) effectively implemented its safety protocols, ensuring the safety of all personnel and equipment involved in the incident.
Pakistan International Airlines Corporation Limited (PSX: PIAA) is set to officially close its books on May 25, 2024, to determine its Class “A” and Class “B” shareholders. This move follows a stock filing dated May 16, 2024. On May 3, 2024, the Securities and Exchange Commission of Pakistan (SECP) approved a Scheme of Arrangement between PIA and PIA Holding Company Limited, allowing PIA to be delisted from the Pakistan Stock Exchange (PSX) on May 25, 2024.
The privatization of PIA is also progressing, with a review meeting between the Ministry of Privatization and the Privatization Commission revealing that the pre-qualification process for the airline’s privatization will be completed by the end of May. This step is part of a broader effort to restructure and privatize PIA, aiming to enhance its operational efficiency and financial performance.
