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Pakistan to Expedite PIA Privatization by June 2025

The Pakistan government has announced that it will expedite the privatization process of Pakistan International Airlines (PIA), with an expected completion date of June 2025. This move is part of a broader strategy to restructure and enhance the financial stability of the national carrier ahead of its sale.

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Dubai Aerospace Enterprise Acquires Nordic Aviation Capital

Nordic Aviation Capital (NAC), the leading regional aircraft lessor based in Ireland, has finalized its acquisition by Dubai Aerospace Enterprise (DAE) following shareholder approval. This strategic acquisition was first announced last month and has now been officially ratified, marking a significant expansion for DAE into the regional aircraft leasing market.

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Magma Aviation Considers Fleet Expansion with Widebody Freighters

Magma Aviation is actively exploring options to expand its own-controlled fleet, considering a range of widebody freighters to support its growing cargo operations. The company is evaluating Boeing B767-300F, B767-200F, A330-300F, A330-200F, and converted B777-300ER aircraft to enhance its capacity and network reach.