Pakistan, Bangladesh blocking over $720m of airline revenues: IATA
The situation becomes severe with airlines unable to repatriate 399 million from Pakistan and $323 million from Bangladesh of revenues earned in these markets, says airlines’ association
Govt, lender banks conclude PIA’s commercial debt negotiations
Under the arrangement, airline’s commercial domestic debt will be moved to PIA Holding Company Ltd
PIA’s liabilities and assets to be transferred to holding company as privatisation process enters next stage. What will the timeline look like?
Former governor of the State Bank, Tariq Bajwa, has been appointed chairman of the 11 member board as plans for privatisation enter the vital phase-II stage.
Seven International investors show interest in PIA, three airports
Aviation ministry didn't clarify whether the investors are companies or governments
Fly Jinnah to start international flights from Islamabad to Sharjah
Airline plans to add more international routes in the near future
PIA pays $13mn to reclaim aircraft stranded for two years
AP-DLG returned to Pakistan on Tuesday, and the other is set to return following the other $13 million
Ernst & Young hired as financial advisor for privatisation of PIA
ISLAMABAD: The Privatisation Commission (PC) Board has approved appointments of British multinational, Ernst & Young (EY) as a Financial Advisor to aid...
PIA resolves $26mn dispute with AACL through out-of-court settlement
Pakistan International Airlines Corporation Limited (PIACL) has reportedly resolved a $26 million dispute with Asia Aviation Capital Limited (AACL) through an out-of-court...
PIA expresses fear of potential impoundment of aircraft and attachment of its assets abroad
ISLAMABAD: Financial crisis-hit Pakistan International Airlines (PIA) has been facing a $31 million dispute against outstanding rent, re-delivery rent, maintenance reserve and...
PIA’s long dispute with airplane leasing company seems to have endedÂ
ECC approves Rs 8 bn financing for reaching settlement
Cabinet allows Fly Jinnah’s expansion to international routes
ISLAMABAD: The federal cabinet, through circulation of summary, has now allowed Fly Jinnah's expansion onto the international routes, it was reliably learnt...
PIA dismisses different restructuring plan rumours
Future plan to be unveiled following the company finding suitable advisor for restructuringÂ
The week everyone thought PIA was no longer a going concern
Some phenomena in life are so ingrained in our minds that we take them for granted: the Earth’s roundness, the sun’s faithful...
Can the Govt’s injection help PIA build on its gains in 2023?Â
The company is confident that it can continue in its successes if it can do something with its stock of debtÂ
Air travel boom creates crosswinds for air cargo
Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight...