Airlines

AirAsia sells remaining equity shares in AirAsia India to Air India, strengthening its focus on Asean

The holding company for Capital as airline group announced today that it has entered into a share purchase agreement to sell Air India Limited, a subsidiary of Tata Sons Private Limited, the remaining equity shares it holds in AirAsia Private Limited.

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The most recent agreement comes as AirAsia re-enters the skies stronger than ever since the pandemic, which allowed the airline to re-examine its strategic objectives to concentrate on Asean given its robust network and significant presence in the region. Since January 2022, AirAsia has operated over 171,000 flights, carrying over 23 million passengers throughout the Group.

AirAsia Malaysia has restored its flight connectivity to major Indian cities and more from Malaysia in conjunction with the reopening of Malaysia’s international borders in April of this year. As a result, visitors from both countries can take advantage of appealing deals and promotions to visit India’s monuments, serene lakes, majestic mountains, and other attractions.

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With a 39% increase in total passengers carried in 2019, AirAsia India—the fifth-largest airline in India with a total market share of 5.7% and the first foreign airline to establish a subsidiary there—reported an impressive growth. This strengthened its domestic position. Pre-pandemic, AirAsia India operated flights to 13 locations, including Tiruchirappalli, Bengaluru, Kolkata, Hyderabad, and New Delhi.

Airlines

PIA Reinstates Manchester and Paris Routes After EU Ban Lift

Pakistan International Airlines (PIA) has announced plans to resume flights to Europe starting in January, beginning with Paris as its first destination.

The decision follows the European Union Aviation Safety Agency’s (EASA) removal of a long-standing ban on the airline. PIA’s inaugural flight to Paris is scheduled for January 10, with bookings opening on December 9.

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In an official statement, PIA spokesperson Abdullah Hafeez Khan confirmed that the first flight schedule has been approved, marking a significant milestone in the airline’s recovery efforts. The EU ban had previously cost PIA approximately Rs40 billion ($144 million) annually in lost revenue, compounding its financial struggles.

With European operations restarting, PIA is now setting its sights on the United Kingdom. The airline plans to seek approval from the UK Department for Transport (DfT) to resume flights to major British cities such as London, Manchester, and Birmingham.

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These routes are anticipated to see high demand once necessary clearances are obtained. The lifting of the EU ban represents a key achievement for PIA as it works to rebuild its international network and regain its standing in the global aviation market.

By restoring flights to Europe and aiming for UK destinations, PIA is taking critical steps toward recovering lost ground and improving its financial outlook.