Pakistan, March 27 -- From "Great People to Fly With" to "We Fly at the Right Attitude" to "Book us but we won't guarantee you reaching home," Pakistan International Airlines (PIA) performance is nothing short of a roller coaster ride. Many a government came with a resolve to improve its affairs, hold its hand and steer it towards the significant position it once held in the aviation industry while representing the national carrier of Pakistan. However, the last stint of the caretaker government finally coughed out the courage to move towards the unimaginable and painstakingly carved out a plan to restructure the airline so that its liabilities could be dusted off.

With the board of directors approving a privatization and restructuring p...