The Ministry of Aviation has reported that the Pakistan Airports Authority has authorized the transfer of management authority of Islamabad International Airport to a Turkish consortium for a 15-year period.
Aviation Secretary Ahsan Mangi presided over a Board of Directors meeting whereby the decision was made to transfer managerial authority of Islamabad Airport to the Turkish Consortium, TERG.
The bid from the Turkish consortium TERG, which offered 47.25% of the project cost, was later accepted by the board. The next stage, according to sources, will be to ask the federal cabinet for permission in order to complete the outsourcing arrangement.
The government intends to contract out the administration of the airports in Karachi and Lahore in addition to Islamabad as part of its larger aviation strategy.
A new PIA CEO has been appointed.
In the meantime, Pakistan International Airlines (PIA) is moving on with the appointment of a new permanent CEO. Imran Aslam Khan and Khurram Mushtaq, a senior PIA officer, have been shortlisted for the role out of 37 applications.
The shortlisted applicants have been sent to the PIA Board by the PIA HR department, which will interview them and select three for further consideration. The new CEO will then be chosen for a three-year term by the prime minister.
