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    So, what's happening at PIA?

    If PIA went down from one of the best airlines in the world to where it is now in less than three decades, while at the same time airlines from the Middle East, with immaterial domestic populations in comparison, thrive on the Pakistan market, someone surely messed up. Bad decisions might not necessarily originate from corruption, honest incompetence is worse, since nothing gets done except complying with antiquated procedures and writing fancy reports. So try to recall who, to date, has been held responsible, and what credible action has been taken to prevent a repeat performance.....


    What's the latest on PIA?

    From being used as a "parking lot for jobs" to a BoD member's daughter designing new motifs for the PIA fleet's rear sections..., PIA has been in a major mess.

    Then NS, in a bit to 'reorganize' PIA, appoints a shady character as adviser aviation
    ... and inducts business people in the BoD.

    Supreme Court doesn't like the shady character and he resigns.

    PIA Employees did not like him either.

    The newly appointed members of the Board apparently like him, and resign in protest.


    So... what's next? whither privatization?

    #2
    Re: So, what's happening at PIA?

    next step: Etihad OR Emirates buying big chunk of PIA!
    Life is NOT measured by the number of breaths we take but the moments that take our breath away!!!
    16 breaths a minute, 23040 a day...NO one knows which one will be their LAST!

    Comment


      #3
      Re: So, what's happening at PIA?

      For me, it is better to be bitten once and for all than bleeding slowly all the time. Hope government retains only nominal control of PIA with regulatory oversight.

      26pc of PIA shares to be privatised - DAWN.COM

      Presiding over a meeting on the PIA at the Prime Minister’s Office on Thursday, Prime Minister Nawaz Sharif directed the ministry of privatisation and civil aviation division to initiate the process of privatisation of the national flag carrier.......

      The PPP has announced that it would oppose any government move to privatise the PIA and Pakistan Steel.
      Leader of Opposition in the National Assembly Syed Khurshid Shah told his party’s workers on Wednesday that any attempt to put the jobs of thousands of people at the mercy of the private sector would be resisted........

      Comment


        #4
        Re: So, what's happening at PIA?

        Junk it and let the free market take care of the problem. Otherwise, state companies are employment opportunities for party workers. It never works.
        All people are equal, but some are more equal than others. We call these "corporations."

        Comment


          #5
          Re: So, what's happening at PIA?

          Don't know why only 26%(`_´)ゞ
          What's the difference between sky and skirt ?

          Comment


            #6
            Re: So, what's happening at PIA?

            why 26%? why NOT 100%? i think they should let the surplus staff which may amount to over 35%...they should hire people on merit...let the old corrupt employees go...they have milked PIA enough.
            Life is NOT measured by the number of breaths we take but the moments that take our breath away!!!
            16 breaths a minute, 23040 a day...NO one knows which one will be their LAST!

            Comment


              #7
              Re: So, what's happening at PIA?

              In those decades PIA was run on merit. But god forbid if you say that since Afat and Co. would show up harping about the correcting the historical wrong.
              Say no to 'islamofascism'..

              Comment


                #8
                Re: So, what's happening at PIA?

                Originally posted by kakaballi View Post
                For me, it is better to be bitten once and for all than bleeding slowly all the time. Hope government retains only nominal control of PIA with regulatory oversight.

                26pc of PIA shares to be privatised - DAWN.COM

                Presiding over a meeting on the PIA at the Prime Minister’s Office on Thursday, Prime Minister Nawaz Sharif directed the ministry of privatisation and civil aviation division to initiate the process of privatisation of the national flag carrier.......

                The PPP has announced that it would oppose any government move to privatise the PIA and Pakistan Steel.
                Leader of Opposition in the National Assembly Syed Khurshid Shah told his party’s workers on Wednesday that any attempt to put the jobs of thousands of people at the mercy of the private sector would be resisted........
                PPP would surely oppose it after employing so many jiyalas for free-ride
                lagay raho !!
                J for Jiala...J for Jaahil..
                Jaahil a hard-headed idiot who would never admit his mistake.

                Comment


                  #9
                  Re: So, what's happening at PIA?

                  Originally posted by Khalil KhaaN FaaKhta View Post
                  why 26%? why NOT 100%? i think they should let the surplus staff which may amount to over 35%...they should hire people on merit...let the old corrupt employees go...they have milked PIA enough.
                  Why 26 %? Selling these shares the government will give management control to a private party. If they are able to turn the airline around, government will get 74 % of their profit.
                  “The world will not be destroyed by those who do evil, but by those who watch them without doing anything." Albert Einstein

                  Comment


                    #10
                    Re: So, what's happening at PIA?

                    Originally posted by Ali_Syed View Post
                    Why 26 %? Selling these shares the government will give management control to a private party. If they are able to turn the airline around, government will get 74 % of their profit.
                    Thats what the government assumed when they privatized KESC and PTCL earlier last decade. The saudi investor group that bought KESC wanted out within months of buying in. And PTCL, well, Etisalat still owes the govt close to $1 billion, reason being that Etisalat got more than what it bargained for.

                    Internal investors could be gifted PIA shares much like other PML-N era privatizations in the 90s.....and the govt will get some cash immediately...but I dont see profit flowing in any time soon. Any new management/ownership will have to get rid of the top heavy structure of PIA, which will be a tall order, specially with all the political appointments.
                    The Thread Killer!

                    Comment


                      #11
                      Re: So, what's happening at PIA?

                      Originally posted by Silaaj View Post
                      Thats what the government assumed when they privatized KESC and PTCL earlier last decade. The saudi investor group that bought KESC wanted out within months of buying in. And PTCL, well, Etisalat still owes the govt close to $1 billion, reason being that Etisalat got more than what it bargained for.

                      Internal investors could be gifted PIA shares much like other PML-N era privatizations in the 90s.....and the govt will get some cash immediately...but I dont see profit flowing in any time soon. Any new management/ownership will have to get rid of the top heavy structure of PIA, which will be a tall order, specially with all the political appointments.
                      PIA and PTCL are different entities. If the government had not privatized PTCL, it would have turned into a white elephant by now. Even after privatization the organization had to face a stiff competition from competitors in a deregulated telecom environment. As far as PIA is concerned, it does not have a real competitor. If run efficiently the organization can make profit, but yes I agree with you that the process of privatization should be transparent (and not a means to placate some cronies).
                      “The world will not be destroyed by those who do evil, but by those who watch them without doing anything." Albert Einstein

                      Comment


                        #12
                        Re: So, what's happening at PIA?

                        word is that these shares are sold to a friend of mian mansha.

                        PMLN govt needs to be checked more with RTI law than KP govt.
                        The will of Allah will not take you where the Grace of Allah will not protect you.

                        Comment


                          #13
                          Re: So, what's happening at PIA?

                          Originally posted by kakaballi View Post
                          If PIA went down from one of the best airlines in the world to where it is now in less than three decades, while at the same time airlines from the Middle East, with immaterial domestic populations in comparison, thrive on the Pakistan market, someone surely messed up. Bad decisions might not necessarily originate from corruption, honest incompetence is worse, since nothing gets done except complying with antiquated procedures and writing fancy reports. So try to recall who, to date, has been held responsible, and what credible action has been taken to prevent a repeat performance.....


                          What's the latest on PIA?

                          From being used as a "parking lot for jobs" to a BoD member's daughter designing new motifs for the PIA fleet's rear sections..., PIA has been in a major mess.

                          Then NS, in a bit to 'reorganize' PIA, appoints a shady character as adviser aviation
                          ... and inducts business people in the BoD.

                          Supreme Court doesn't like the shady character and he resigns.

                          PIA Employees did not like him either.

                          The newly appointed members of the Board apparently like him, and resign in protest.


                          So... what's next? whither privatization?
                          Real chor uchakay phir ek bar lootnay ko tiar. Float tender in the international market, privatize 100% under the supervision of Transparency International if you are sincere to Pakistan. NS ki is tarah daka daalnay ki purani aadat hay kyon ke Pakistan in ke baap ki jaagir hay.

                          Comment


                            #14
                            Re: So, what's happening at PIA?

                            Originally posted by Sachaydino View Post
                            Real chor uchakay phir ek bar lootnay ko tiar. Float tender in the international market, privatize 100% under the supervision of Transparency International if you are sincere to Pakistan. ....
                            That would be the best scenerio.

                            Even if PIA is given to a chor uchakka at a low price, it would still be better than generals and jiyalas inflicting losses every day.

                            Comment


                              #15
                              Re: So, what's happening at PIA?

                              Originally posted by kakaballi View Post
                              Even if PIA is given to a chor uchakka at a low price, it would still be better than generals and jiyalas inflicting losses every day.

                              No. Tenders in international market under TI supervision. Privatize 100%. Don't play Abdullah Bin Ubai here. Don't want Mansha group or other dakoos, friends of NS to futher loot the country.
                              Last edited by Sachaydino; Sep 14, 2013, 02:35 PM.

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