EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Pakistan flight departs for Paris after EU ban lifted

Natalie Fisher by Natalie Fisher
January 11, 2025
in Other
Reading Time: 5 mins read
A A
3
100
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Passengers wait to board their Pakistan International Airlines (PIA) flight to Paris after EU authorities lifted a four-year ban on the flag carrier. ©AFP

Islamabad (AFP) – Pakistan’s state-owned airline, plagued by a history of deadly crashes and a pilot licence scandal, resumed flights to Europe on Friday after a four-year ban was lifted by EU regulators. The Pakistan International Airlines flight took off from Islamabad around 12:40 pm (0740 GMT) heading for Paris, AFP journalists saw, becoming the only carrier to offer a direct route to and from the European Union.

Related

Taiwan tests sea drones as China keeps up military pressure

G7 leaders urge Trump to ease off trade war

Oil prices rally, stocks slide as traders track Israel-Iran crisis

Oil prices rally, stocks mixed as traders track Israel-Iran crisis

Venezuela’s El Dorado, where gold is currency of the poor

“This is the first time I am travelling with PIA,” said passenger Shumaila Rana, a 38-year-old school teacher living in Germany. “I’m nervous and I’m having a lot of anxiety, but I’m hoping it’s gonna be a good flight.”

Debt-ridden PIA was banned in June 2020 from flying to the European Union, United Kingdom, and the United States, a month after one of its Airbus A-320s plunged into a Karachi street, killing nearly 100 people. The disaster was attributed to human error by the pilots and air traffic control, and was followed by allegations that nearly a third of the licences for its pilots were fake or dubious. In 2016, a PIA plane burst into flames after one of its two turboprop engines failed during a flight from the remote north to Islamabad, killing more than 40 people.

In November, the European Union Aviation Safety Agency announced it had lifted the ban; however, it remains barred from flying in the UK and the United States. At the time, it said it had “re-established sufficient confidence” in the Pakistan Civil Aviation Authority’s oversight capabilities. The airline flies to multiple cities inside Pakistan, including the mountainous north, as well as to the Gulf and Southeast Asia.

**Hopes pinned on privatisation** – PIA, which employs 7,000 people, has long been accused of being bloated and poorly run — hobbled by unpaid bills, a poor safety record, and regulatory issues. Pakistan’s government has said it is committed to privatising the debt-ridden airline and has been scrambling to find a buyer. Late last year, a deal fell through after a potential buyer reportedly offered a fraction of the asking price.

The government hopes the opening of European routes, which officials expect will be followed by a similar announcement by the UK later this year, will boost its selling potential. PIA posted losses of $270 million in 2023, according to local media. Its liabilities were nearly $3 billion, about five times the total worth of its assets. In the same year, amid a national economic crisis, dozens of domestic flights were cancelled when it could not afford fuel for its planes.

PIA came into being in 1955 when the government nationalised a loss-making commercial airline and enjoyed rapid growth until the 1990s.

© 2024 AFP

Tags: airlinesaviationregulation
Share40Tweet25Share7Pin9Send
Previous Post

E-Power hits the slopes: new wave of snow sports emerges

Next Post

Global stocks mostly fall before US jobs data

Natalie Fisher

Natalie Fisher

Related Posts

Other

Oil prices jump after Trump’s warning, stocks extend gains

June 17, 2025
Other

Despite law, US TikTok ban likely to remain on hold

June 16, 2025
Other

OpenAI wins $200 mn contract with US military

June 16, 2025
Other

G7 leaders urge Trump to ease off trade war

June 17, 2025
Other

Struggling Gucci owner names new CEO

June 16, 2025
Other

Oil prices drop, stocks climb as Iran-Israel war fears ease

June 16, 2025
Next Post

Global stocks mostly fall before US jobs data

Ubisoft: the 'Assassin's Creed' maker targeted by suitors

UK gas reserves 'concerningly low': Biggest supplier

Devastating LA fires expected to push up insurance premiums

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales slip more than expected after rush to beat tariffs

June 17, 2025

Taiwan tests sea drones as China keeps up military pressure

June 17, 2025

G7 leaders urge Trump to ease off trade war

June 17, 2025

Oil prices rally, stocks slide as traders track Israel-Iran crisis

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.