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...
Boeing boosts monthly 737 production as results beat estimates
Boeing (BA.N)Â said on Wednesday it was lifting production of its bestselling 737 narrow-body jet, a sign the planemaker was recovering from a...
Virgin Atlantic packs its bags. But is it for the last time?
Three years and over 2 lakh passengers later, Virgin Atlantic ends operations in Pakistan
Is the Riyadh Airport Authority’s reminder to PIA for being late on payments concerning?Â
PIA issued reminder reminded that it needs to pay 8.2 million Riyal by July 15
Process to outsource airports initiated
Operations and management of Karachi, Lahore, and Islamabad airports set to be outsourced to generate foreign exchangeÂ
Senate Standing Committee on Aviation grills PIA
PIA scrutinized over pilot licences, flights from Balochistan, recruitment, fake degrees, and pensions owed to widowsÂ
ECC approves Rs4b grant to overcome PIA’s cash flow problemsÂ
The Economic Coordination Committee (ECC) of the Cabinet has approved Rs 4 billion Technical Supplementary grants to overcome cash flow problems of...