The new owners of Pakistan International Airlines have laid out an ambitious turnaround plan, acknowledging that the national carrier will continue to incur losses for at least one year before moving towards profitability. Speaking in an exclusive interaction, Arif Habib, founder of the Arif Habib Group, said that PIA currently employs around 9,000 people — […]
Air China Orders 60 Airbus A320neo Jets in $9.5 Billion Deal
China’s national carrier Air China has finalized an agreement with European aircraft manufacturer Airbus to purchase 60 A320neo aircraft, in a deal valued at around $9.5 billion based on list prices. The agreement, signed by Air China and one of its subsidiaries, adds momentum to a wave of aircraft orders announced this week by Chinese […]