Latest news with #AirKarachi
Business Recorder
2 days ago
- Business
- Business Recorder
Air Karachi inks MRO deal with PIA
KARACHI: Air Karachi has signed a maintenance agreement with Pakistan International Airlines (PIA) to acquire engineering services from the national flag carrier. According to the details, under the agreement, Air Karachi will acquire engineering services or MRO (Maintenance, Repair, and Overhaul) services from PIA. The agreement was signed by CEO PIA, Air Vice Marshal Amir Hayat, and Air Karachi's Chairman Hanif Gohar and CEO AVM Imran Majid (retd). Senior officials from PIA and Air Karachi were present. PIA spokesman said that the airline's Engineering Division has the capacity and capability for maintenance, repair, and overhaul that is available and being offered to other airlines, adding that this agreement would generate additional revenue for PIA through MRO facilities. Copyright Business Recorder, 2025
Business Recorder
2 days ago
- Business
- Business Recorder
Air Karachi signs aircraft maintenance agreement with PIA
An agreement has been finalised between the Pakistan International Airlines (PIA) and Air Karachi — an airline established by Karachi's business community — for aircraft maintenance, according to a statement released on Wednesday. Under the agreement, Air Karachi will receive engineering services or MRO (Maintenance, Repair, and Overhaul) services from the PIA. The agreement was signed by PIA CEO Air Vice Marshal Amir Hayat, Air Karachi Chairman Hanif Gohar, and Air Karachi CEO Air Marshal (Retd.) Imran Majid. In November 2024, the business community of Karachi announced the launch of a new airline, Air Karachi, with an initial investment of Rs5 billion. The announcement was made by Hanif Gohar during his visit to the Karachi Press Club, accompanied by S M Tanveer, Chairman of the United Business Group. Air Karachi is yet to launch its flight operations.
Express Tribune
4 days ago
- Business
- Express Tribune
Air Karachi gets CAA nod, hopes to launch soon
A general view of the Jinnah International Airport Karachi where evacuees from Afghanistan will stop by for further travel to other countries. PHOTO: FILE Listen to article A new private airline based in Karachi has been granted its Regular Public Transport (RPT) license by the Civil Aviation Authority (CAA), paving the way for the launch of commercial operations in the near future. The airline, named Air Karachi, is headed by leading business figures from Karachi and is modeled on the success of Air Sial — a similar initiative launched by industrialists in Sialkot. Its founders aim to build a business-backed airline offering operational efficiency and financial autonomy, particularly in light of ongoing challenges faced by the national carrier, Pakistan International Airlines (PIA). 'Yes, we got the license from CAA,' confirmed Hanif Gohar, one of the airline's key stakeholders, in an interview with Arab News. 'We are looking for aircraft and will start with three aircraft soon.' The CAA granted the RPT license to Air Karachi on June 5. As part of the licensing conditions under Pakistan's National Aviation Policy 2023, the airline has been instructed to deposit a license issuance fee of Rs500,000 ($1,750) and a security deposit of Rs100 million ($350,000). It must also raise its paid-up capital to Rs600 million ($2.1 million) before it can commence operations. Air Karachi is registered with the Securities and Exchange Commission of Pakistan (SECP) and plans to raise a total of Rs5 billion ($17.5 million), with 100 shareholders each contributing Rs50 million ($175,000). The airline will be led operationally by retired Air Vice Marshal Imran Qadir, who has been appointed chief operating officer. He will be supported by a team of former Pakistan Air Force officials with experience in the aviation sector. Air Karachi plans to launch its services with three aircraft for domestic routes and gradually expand its fleet to seven. After completing the mandatory one-year domestic run, it aims to begin international operations, starting with flights to destinations in the Middle East.
Arab News
4 days ago
- Business
- Arab News
New Karachi-based private airline receives license, plans launch with three aircraft
KARACHI: A new private airline based in Karachi received its Regular Public Transport (RPT) license from Pakistan's Civil Aviation Authority (CAA) last week, one of its key stakeholders confirmed on Monday, expressing hope the carrier would begin operations soon. Air Karachi, spearheaded by prominent business leaders from Pakistan's southern port city, is modeled after the success of Air Sial, another airline launched by industrialists in Sialkot. The idea, conceived amid growing challenges faced by the country's national carrier Pakistan International Airlines (PIA), is to develop a business-backed airline that can operate with efficiency and financial autonomy. 'Yes, we got the license from CAA,' Hanif Gohar, one of the airline's shareholders, told Arab News. 'We are looking for aircraft and will start with three aircraft soon.' Gohar said Air Karachi was issued the RPT license by the CAA on June 5. According to a copy of the approval letter seen by Arab News, the airline has been directed to deposit a license issuance fee of Rs500,000 ($1,750) and a security deposit of Rs100 million ($350,000). It must also raise its paid-up capital to Rs600 million ($2.1 million) before commencing operations, in line with the National Aviation Policy 2023. Air Karachi has been registered with the Securities and Exchange Commission of Pakistan and plans to raise Rs5 billion ($17.5 million) by pooling Rs50 million ($175,000) from each of its 100 shareholders. Last year, Gohar told Arab News the response from Karachi's business community was so overwhelming that some families proposed contributing as multiple shareholders. He informed that aviation veteran Air Vice Marshal (r) Imran Qadir had been appointed chief operating officer of the airline, supported by a team of retired Pakistan Air Force officials. Once operational, Air Karachi will begin domestic flights with three aircraft and later expand its fleet to seven before launching international flights to the Middle East after the mandatory one-year domestic run.
