Tag: aviation industry
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PIA set for transformation: Federal cabinet approves privatisation, restructuring
In a significant development, the caretaker federal cabinet has granted approval for the restructuring of Pakistan International Airlines (PIA) and the privatisation of First Women Bank Limited.
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Private airlines seize opportunity to charge high fares amid PIA flight disruptions
Pakistan International Airlines (PIA), the nation’s flagship carrier, is grappling with operational challenges caused by a shortage of fuel.
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Pakistan’s Civil Aviation Authority is dividing into two entities
A specialised committee consisting of nine members has been established to supervise the division of the Pakistan Civil Aviation Authority (CAA).
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CAA gathers global players: Meeting in Dubai to discuss Islamabad airport outsourcing
The Civil Aviation Authority (CAA) has convened a significant meeting in Dubai to address matters pertaining to the outsourcing of Islamabad airport.
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CAA’s timely intervention saves PIA from defaulting on IATA payments
The Civil Aviation Authority (CAA) stepped in to rescue Pakistan International Airlines (PIA) from a potential financial crisis with the International Air Transport Association (IATA).
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From ‘great people to fly with’ to ‘great debt to deal with’: PIA expected to ground several aircraft
Pakistan International Airlines (PIA) is facing a critical financial crisis, prompting the grounding of several aircraft due to difficulties in securing funds. This crisis has resulted in arrears with various stakeholders, including creditors, aircraft lessors, fuel suppliers, insurers, and airport operators. Boeing and Airbus are also on the verge of discontinuing spare parts supply by…
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Govt offers Islamabad International Airport for lease to foreign investors
The government has made the decision to initiate the leasing process of New Islamabad International Airport to international investors in its initial phase. This decision follows the encountered practical difficulties in outsourcing the international airports located in Karachi and Lahore.