• Minister says unsuccessful bidders won’t have any role in running airline
• Insiders say proposal for three-way control of airline ‘turned down’ by sceptical bidders

ISLAMABAD: With the privatisation of Pakistan International Airlines Corporation Limited (PIACL) — the country’s most high-profile transaction of a state-owned entity — scheduled for today (Tuesday), the government is making all-out efforts to prevent a repeat of what happened the last time the airline went under the hammer.

Three parties are currently in the hunt to acquire 75pc shares in the flag carrier — consortiums led by AirBlue, Arif Habib Pvt Ltd and Lucky Cement, following the exit of the Fauji Fertiliser Company (FFC).

But thanks to a unique stipulation, the two........

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