The head of the Arif Habib Group has pledged that reviving Pakistan International Airlines (PIA) will be the consortium’s top priority, expressing hope that Fauji Fertilizer will join them in this effort.

He made the remarks during an interview on Aaj News’ programme “News Insight with Amir Zia,” on Tuesday.

Speaking on the show, the Arif Habib Group chief said his consortium has emerged as the successful bidder for PIA and includes a “very strong” team of partners.

He added that the group has a track record of acquiring and successfully turning around several companies and intends to apply the same strategy to PIA.

A significant portion of the bid amount, he said, will be directly invested into the airline to improve operational performance and financial health.

“PIA’s employees are our most important asset. We consider them our stars, and with their support, we will make the airline profitable again,” he emphasised.

The consortium, which purchased 75% of PIA’s shares for Rs135 billion, includes Arif Habib Corporation Limited, Fatima Fertilizer Company Limited, City Schools Private Limited, and Lake City Holdings Private Limited.

The Arif Habib Group chief also highlighted plans to create a better working environment within PIA and provide additional facilities to staff.

“Without growth, such a large investment has no value. Therefore, the development of the airline is essential,” he said.

Addressing questions about assets, he clarified that while PIA does hold some properties, most assets are not included in the sale.

On the rivalry with Lucky Cement-led consortium, he noted, “It’s a respected and large group, but success goes to the highest bidder.”

He also stressed that the consortium is backed by top global advisors as well as highly skilled local professionals.

Recalling PIA’s former glory, he said, “There was a time when PIA was considered the second-best airline in the world. Our goal is to restore it to that position.”