PIA Holding Company Limited Class A
22.51
PKR
-0.02
(-0.09%)
ISIN
PK0146501017
Return %
Stock
S&P 500
1Y
-14.28
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Asad Rasool
- Sector
- Transportation
- Industry
- Airlines
- Address
- Karachi Pakistan
- IPO Date
- May 27, 2024
- Website
- piahcl.com.pk
- Similar Companies
- Business
- PIA Holding Company Limited Class A is a Pakistan-based holding and aviation services company that manages the operations, assets, and strategic investments of Pakistan's national flag carrier and associated enterprises. Originally established as Orient Airways in 1946, constituted as Pakistan International Airlines Corporation in 1955, and reorganized into its current holding structure in 2024, the company is headquartered in Karachi, Pakistan. The company operates through core aviation, engineering, ground handling, hospitality, and real estate segments, serving domestic and international business travelers, leisure passengers, cargo forwarders, government entities, and commercial airline clients across Pakistan, the Middle East, Central Asia, East Asia, Europe, and North America. The company provides a comprehensive suite of air transportation and support services, comprising: Commercial Passenger Air Transportation, delivering scheduled domestic and international passenger flights across short-haul, medium-haul, and long-haul routes with economy and executive cabin classes, supported by the Awards + Plus frequent flyer loyalty program; Air Cargo and Freight Logistics, offering scheduled and charter air freight solutions for general cargo, temperature-controlled perishables, pharmaceuticals, and express airmail; Aircraft Maintenance, Repair, and Overhaul Engineering Services, providing line maintenance, heavy base maintenance, airframe overhauls, engine maintenance, avionics testing, and technical certification for internal fleets and third-party commercial operators; Airport Ground Handling and Ramp Services, delivering passenger check-in, baggage processing, ramp dispatch, aircraft pushback, and turnaround handling across domestic and international airports; In-Flight Catering and Provisioning, supplying standard, gourmet, and dietary-compliant in-flight meals and hospitality services; Aviation Training and Professional Education, conducting pilot type ratings, cabin crew certifications, and aircraft engineering apprenticeships through the PIA Training Centre; and Real Estate and Hospitality Asset Management, managing commercial property portfolios, land holdings, and international hotel assets, including the Roosevelt Hotel in New York City and the Hotel Scribe in Paris. In recent developments, the company executed a major corporate reorganization under a court-sanctioned Scheme of Arrangement, establishing PIA Holding Company Limited to separate core operational airline assets from non-core liabilities and legacy financial obligations. Following this restructuring, the company listed its Class A ordinary shares on the Pakistan Stock Exchange under the ticker symbol PIAHCLA, superseding the listing of Pakistan International Airlines Corporation Limited. The reorganization serves as the foundation for the Government of Pakistan's strategic privatization initiative, which initiated a formal bidding process to divest a controlling equity stake and management control in the operational airline entity to private investors. Concurrently, the company has advanced fleet rationalization measures, engine overhaul programs, and regulatory compliance audits with international aviation safety bodies, including the European Union Aviation Safety Agency and the United Kingdom Civil Aviation Authority, aimed at lifting airspace restrictions and restoring direct commercial flight routes to Europe and the United Kingdom.