The Current Snapshot (December 23, 2025)
Confirmed Bidders (Fact, not speculation)
Only three parties submitted sealed bids:
-
Lucky Cement–led consortium
(Includes Hub Power, Kohat Cement, Metro Ventures)
Widely seen as the frontrunner due to balance-sheet strength. -
Arif Habib Group–led consortium
(Includes Fatima Fertilizer, City Schools, Lake City Holdings) -
Airblue
The only aviation-native bidder. Privately held.
➡️ No Lakson / Lakhani / “Lackson” Group involvement.
➡️ Fauji Fertilizer withdrew earlier.
The government plans to retain 25%, while the winning bidder commits to ~Rs 80 billion reinvestment over five years, job protections, and fleet modernization.
Killing the Biggest Rumors
❌ “Lakson / Lakhani Group is secretly bidding”
False.
-
Lakson Group (Fly Jinnah) is not participating
-
Murtaza Lakhani, recently sanctioned by the UK over alleged Russian oil trading links, has no documented connection to PIA bids or aviation assets
-
His firm operates in energy trading, not airlines
-
No aviation references exist in sanction notices
This rumor gained traction purely due to timing, not evidence.
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