Boeing reports $6 billion quarterly loss amid prolonged strike
Union vote on contract proposal looms as Boeing seeks to mend management-labor relations and rebuild its aerospace leadership.
PIA bidding delayed amid investor concerns
October 1 bidding pushed to October 31 as bidders seek more time for evaluation.
Turkish Airlines denies reports of talks to acquire PIA
There are no ongoing negotiations or initiatives to acquire PIA, says THY's Senior Vice President of Media Relations
Six bidders pre-qualified for PIA privatisation; auction set for October 1
Government moves forward with PIA sale amid heavy debt, aligning with IMF recommendations
CAA takes Rs50 billion tax dispute with FBR to Supreme CourtÂ
Aviation regulator seeks legal resolution amid conflicting tax exemption claims and FBR revenue pressures
Boeing workers go on strike, halting production after rejecting union-backed contract
First strike in 16 years impacts Boeing's production and supply chain, may cost up to $1.3 billion monthly
PIA debt restructuring: a surprisingly balanced deal
The government of Pakistan is generally terrible at negotiating complex transactions, but in the PIA debt restructuring, may have gotten itself an as-good-as-possible agreement that spreads the pain among the banks and the government relatively evenly
New Gwadar Airport nears completion; operational by December 2024
Aviation Minister updates National Assembly on Gwadar Airport and other aviation projects
PIA reports Rs75bn loss in 2023 as privatisation process advances. Why would anyone want to acquire it?
Total liabilities of the national carrier have ballooned to Rs825 billion, but as part of the privatisation process, these liabilities will be shiftedÂ
PIA faces over Rs21 billion loss due to prolonged aircraft grounding
Audit report exposes high operational and financial setbacks linked to delayed maintenance and administrative negligence at the national airline
Civil Aviation Authority reorganised into three separate entities
New structure includes Pakistan Airports Authority, Bureau of Aircraft Safety Investigation
Govt proposes buyer-favored terms for PIA stake sale
Terms include partial purchase payments and debt-funded investments over three years.
PIA’s final auction delayed for two months as bidders ask for more information: reportÂ
Bidders wait for the airline’s latest audited accounts and clarity on flights to EuropeÂ
PIA’s privatisation process is almost completed, NA aviation panel apprised
CAA faces budget constraints for airport development, relies on second-generation equipment
Pakistan to tackle potential bidders’ concern over airline safety ban
Privatization Commission says addressing concerns voiced by pre-qualified bidders for a stake ranging from 51% to 100%