Pakistan International Airlines (PIA) has announced the resumption of flights to the United States after a seven-year suspension. The decision follows the signing of a Memorandum of Understanding (MoU) with the Federal Aviation Administration (FAA) to address pending financial obligations. This milestone marks a significant step in PIA’s efforts to rebuild its international network and regain access to one of the world’s…
Pakistan International Airlines (PIA) is facing operational challenges with 17 of its 34 aircraft grounded due to a critical shortage of spare parts. The grounded fleet includes seven Boeing 777s, seven Airbus A320s, and three ATRs, significantly impacting the airline’s capacity to maintain its scheduled operations.
Pakistan International Airlines (PIA) is preparing to resume flights to Europe, following the lifting of its operational ban by the European Union Aviation Safety Agency (EASA). The airline has announced plans to begin services to Paris, which is expected to be the first European destination, no later than January 2025.
Pakistan International Airlines (PIA) may soon be sold to a foreign government, with negotiations likely to be conducted with Qatar or Abu Dhabi following a recent bid rejection. The Privatization Commission reportedly turned down a low bid from the Blue World Consortium (Pakistan), setting the stage for potential foreign ownership. This development is aligned with Pakistan’s goals to privatize its struggling national carrier, which has…
Pakistan’s government, in its bid to privatize Pakistan International Airlines (PIA), received only one bid from a shortlist of six potential bidders. Blue World City, a major real estate consortium with diversified interests, has emerged as the sole bidder for a 60% stake in PIA. This privatization aligns with Prime Minister Shehbaz Sharif‘s commitments to…
The Pakistani government is set to hold the final auction for Pakistan International Airlines (PIA) on October 30, 2024, marking a significant step in its broader economic reform agenda. This privatization move, supported by the International Monetary Fund (IMF), aims to alleviate the national carrier’s financial struggles while addressing broader economic challenges through structural reforms….
