Airlines

Korean Air eyes on big deal with B777X Aircraft at Farnborough Airshow

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Boeing is close to finalizing a significant deal to sell approximately two dozen 777X jets to Korean Air, with an estimated value ranging from $4 billion to $6 billion. As reported by Reuters.

Industry sources suggest that the agreement could be concluded as early as the Farnborough Airshow in July. Korean Air, South Korea’s largest airline, has been engaged in discussions about reverting to Boeing for its long-haul aircraft needs.

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This follows a surprising decision in March to order 33 A350 jets from Boeing’s European competitor, Airbus. Sources indicate that the potential order could involve between 20 and 30 of the 777X aircraft. These jets are priced at about $198 million each after standard market discounts, as per Cirium Ascend’s estimated delivery prices.

When approached, a spokesperson for the airline confirmed, “We are discussing with manufacturers but nothing has been confirmed yet.”

The move to review and potentially expand its fleet comes at a time when Korean Air is also focused on acquiring nearly two-thirds of its smaller domestic rival, Asiana Airlines, for approximately $1.4 billion.

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The European Union granted approval for this merger in February, and Korean Air anticipates U.S. regulatory approval by the end of October. Following Airbus‘ breakthrough with Korean Air, Reuters reported in April that Korean Air was considering a new Boeing order concentrated on the 777X, which is an advanced version of the 777 mini-jumbo.

If the deal proceeds, it would signify a strong return to Boeing for Korean Air and reinforce the airline’s long-haul capabilities with the latest in aviation technology.

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.