According to its own information, the airline Pakistan International Airlines was able to obtain an additional loan for the fuel in negotiations with the state fuel supplier. The carrier expects flight operations to stabilize in the next few days.
In recent years, Pakistan International Airlines has repeatedly made it into the headlines. For example, they have been banned from EU airspace since 2020 because a major scandal surrounding fake pilot licenses came to light. The deficiencies are now said to have been remedied, but neither Easa nor the British CAA have yet given the green light.
PIA's financial situation is considered to be very strained. Since mid-October 2023 you have had to because of debts Had difficulty getting fuel, cancel hundreds of flights. The carrier now emphasizes in a media statement that an agreement has been found and flight operations should be returned to normal step by step.
The Pakistani airline is considered heavily indebted. The government has repeatedly made it clear that it is no longer willing to finance the mountain of debt or help the carrier with bridging loans. Furthermore, due to IMF aid, it was agreed that PIA must be privatized. However, it is currently completely unclear whether this project will succeed.