PIA May Lease Aircrafts from Airbus and Rolls Royce

Pakistan is exploring aircraft leasing and potential Airbus and Rolls-Royce deals to modernize Pakistan International Airlines' (PIA) fleet, with the United Kingdom offering feasible export credit backing to support meet the airline's immediate requirements.

Key points

• Aurangzeb additionally met with US EXIM Bank Chair John Jovanovich to explore financing for planned aircraft purchases, particularly Boeing 787 Dreamliners.
• Pakistan has additionally been exploring aircraft procurement and financing options with the United States.
• The British side additionally expressed interest in facilitating UK business participation in Pakistan's planned minerals conference.
• According to an official statement, the British side briefed the minister on potential aircraft and engine arrangements for PIA, including export credit backing.
• Beyond aviation, the Pakistan-UK session covered a proposed long-term, non-legally binding investment partnership in areas including trade facilitation, regulatory reforms, education, workforce skills and investment financing.

As both countries explored ways to expand trade and cooperation in priority sectors, the options were discussed during a session between Federal Minister for Commerce Jam Kamal Khan and British High Commissioner to Pakistan Jane Marriott.

According to an official statement, the British side briefed the minister on potential aircraft and engine arrangements for PIA, including export credit backing. Aircraft leasing was additionally discussed to address immediate fleet requirements while Pakistan considers longer-term procurement options. PIA Intends to Rise Flights to Europe and the UK.

Jam Kamal remarked PIA's direct international routes offered an notable commercial advantage. He emphasized the need to improve service standards, reliability and fleet modernization to rebuild passenger confidence.

Pakistan has additionally been exploring aircraft procurement and financing options with the United States. Last month, Finance Minister Muhammad Aurangzeb discussed PIA's fleet modernization with Boeing Global President Dr. Brendan Nelson, including earlier delivery slots and interim leasing arrangements.

Aurangzeb additionally met with US EXIM Bank Chair John Jovanovich to explore financing for planned aircraft purchases, particularly Boeing 787 Dreamliners. He highlighted PIA's interest in Boeing aircraft and the need for spare parts to return grounded Boeing 777s to service.

Beyond aviation, the Pakistan-UK session covered a proposed long-term, non-legally binding investment partnership in areas including trade facilitation, regulatory reforms, education, workforce skills and investment financing. Discussions additionally covered livestock, food safety, healthcare, Pakistani product branding, Islamic finance and cooperation in the minerals sector.

Both sides discussed opportunities to growth the value of Pakistani exports, expand Pakistani food and restaurant brands in the UK, and attract British technical and investment backing for sectors including livestock and minerals. The British side additionally expressed interest in facilitating UK business participation in Pakistan's planned minerals conference. Stay Connected with ProPakistani.

Obtain the latest business news, market insights, and economic updates wherever you prefer. Follow on Google Discover. Follow on Google News Join WhatsApp. See more ProPakistani stories in Google Search and Top Stories.

For now, PIA May Lease Aircrafts from Airbus and Rolls Royce remains the part of the story worth watching, and further updates are likely as more details are confirmed.