Pakistan announced on 7 August that it plans to privatise national carrier Pakistan International Airlines (PIA). "The CCoP (Cabinet Committee of Privatisation) after deliberation decided to include Pakistan International Airlines Co. Ltd (PIACL) in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the Parliament," the government states. At the meeting, the committee also gave a nod to hiring a financial advisor to “process/structure transaction” of Roosevelt Hotel in New York, an asset of PIA Investment. PIA leased out the hotel in May to New York city’s administration for $220 million for three years. The carrier posted an operating profit of PRs767 million ($2.7 million) in the first quarter ended 31 March, reversing a loss from a year ago. However, net loss attributable to came in at PRs38 billion, widening from a PRs14.3 billion loss in the year-ago period. PIA made an operating loss of PRs11.3 billion in 2022, narrowing from the year before, although its net loss of PRs88 billion widened from the year before. The carrier has 34 aircraft in its fleet, with 16 units on lease. It has 23 aircraft in service comprising 12 Airbus A320ceos, nine Boeing 777s and two ATR42s and 11 in storage, comprising five A320ceos, three ATR 72s, one ATR42 and two 777s in storage, according to fleets data. It flies to about two dozen international destinations mostly in the Middle East and also Toronto, Beijing and Kuala Lumpur, and over a dozen destinations domestically.

Turkish Airlines and Thai Airways have signed a memorandum of understanding that paves the way for joint venture operations linking Asia and Europe via Istanbul. The Star Alliance partners have agreed to “work towards” shared operations through the Turkish hub that would “maximise the synergies that this strategic partnership offers to both airlines.” As part of the agreement, signed in Turkiye earlier this month, Thai will launch a daily services in December between Istanbul and Bangkok to strengthen its position as a gateway to Asia Pacific, it says. Currently, only Turkish Airlines operates on the route. “This cooperation would enhance the efficiencies of Thai and Turkish Airlines in terms of connectivity and route network. Our customers will be able to conveniently travel between Thailand and Turkiye as well as on to Europe and other points in Asia, making full use of the extensive networks offered by Thai and Turkish Airlines,” states Chai Eamsiri, chief executive of Thai. Bilal Eksi, chief executive of Turkish Airlines, says the collaboration will “enhance connectivity between the two regions, provide seamless travel experiences, and offer passengers a wider range of destinations and services through both airlines’ networks.”

Pakistan announced on 7 August that it plans to privatise national carrier Pakistan International Airlines (PIA). "The CCoP (Cabinet Committee of Privatisation) after deliberation decided to include Pakistan International Airlines Co. Ltd (PIACL) in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the Parliament," the government states. At the meeting, the committee also gave a nod to hiring a financial advisor to “process/structure transaction” of Roosevelt Hotel in New York, an asset of PIA Investment. PIA leased out the hotel in May to New York city’s administration for $220 million for three years. The carrier posted an operating profit of PRs767 million ($2.7 million) in the first quarter ended 31 March, reversing a loss from a year ago. However, net loss attributable to came in at PRs38 billion, widening from a PRs14.3 billion loss in the year-ago period. PIA made an operating loss of PRs11.3 billion in 2022, narrowing from the year before, although its net loss of PRs88 billion widened from the year before. The carrier has 34 aircraft in its fleet, with 16 units on lease. It has 23 aircraft in service comprising 12 Airbus A320ceos, nine Boeing 777s and two ATR42s and 11 in storage, comprising five A320ceos, three ATR 72s, one ATR42 and two 777s in storage, according to fleets data. It flies to about two dozen international destinations mostly in the Middle East and also Toronto, Beijing and Kuala Lumpur, and over a dozen destinations domestically.