ISLAMABAD: Legislators in Lower House of Parliament on Wednesday were informed that privatisation of Pakistan International Airlines Corporation (PIAC) was not the only solution due to which the government opted for the best course of action to make PIA a profit and service oriented entity by converting the same from a statutory body functioning under the PIAC Act, 1956 to a corporate body registered under Companies Ordinance 1984. This would invite strategic partnerships and provide PIAC, as well as the prospective strategic partner, the necessary freedom and flexibility to operate the airline as a company whose governance vests in the board of directors. The government considered options other than privatisation and after due diligence, PIA conversion bill 2016 was approved by the parliament on April 11. After passage of the same, the government may attract strategic partnership/investor by floating some of its shares in the open market. During a question hour, the House was informed that PIAC was confronting multiple challenges including increased in competition, price war, deteriorating product standards. Apart from above more challenges were decrease in yields/reduced revenue, schedule credibility/brand image, human resource constraints, lack of automation, legacy loan and strong unions.