Airlines

Avolon Commits to Ordering 40 Boeing 737 MAX Aircraft

Avolon, a global leasing firm for airplanes, declares its intention to order 40 Boeing 737 MAX aircraft. The aircraft are scheduled for delivery between 2027 and 2030, and valued at over $4 billion at current list price.

Avolon delivered the first 737 MAX in 2017 and the thousandth 737 MAX earlier this year. This commitment shows faith in the long-term need for this aircraft type and builds on a good relationship with Boeing. It will bring the total number of aircraft owned, managed, and committed by Avolon to 870.

While reducing fuel use and emissions by up to 20% compared to the aircraft it will replace, the 737 MAX offers Avolon’s clients greater network flexibility. This pledge supports Avolon’s initiatives to expand the number of modern, fuel-efficient aircraft in its fleet, which are aided by the 737 MAX’s usage of the most recent CFM International LEAP-1B engines and cutting-edge winglets.

The acquisition is merely contingent on the approval of Bohai Leasing Co., Ltd. shareholders, who hold 70% of Avolon. This approval is anticipated before the end of May.

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.