The government is to allow another bailout package worth Rs13 billion to sick national flag carrier, Pakistan International Airlines (PIA). The country’s largest airline is a habitual recipient of bailouts in the form of capital injections from the budget or …
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SriLankan Airlines in its recently ended financial year carried the highest number of passengers ever in the airline’s history. Based on draft un-audited accounts, the total operational revenue increased to LKR136.68 billion from LKR129.48 billion in the prior year. The …
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With plans underway for the UK’s biggest peacetime repatriation of 110,000 customers following the collapse of Monarch Airlines – the biggest UK airline ever to cease trading – questions are quite rightly being asked about what went wrong. Intense competition, …
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Pakistan & Gulf Economist Pakistan's Business Financial Magazine