Pakistan, Boeing advance talks on PIA fleet modernization

Mettis Global reported that Finance Minister Senator Muhammad Aurangzeb met Dr. Brendan Nelson, president of Boeing Global, during the 81st UNGA session. The talks focused on PIA's fleet upgrade and wider cooperation in the aviation sector. Aurangzeb welcomed Boeing's confirmation that a revised proposal for new aircraft will be shared with the national carrier.

Both sides also explored earlier delivery dates and temporary leasing options. Financing from the US Export-Import Bank, engine purchases, spare parts, maintenance and the return of grounded planes to service were also on the table. Aurangzeb outlined PIA's privatisation process and plans to outsource management of major airports, while thanking Boeing for backing aviation safety and direct flights to the US.

The finance minister also stressed Pakistan's strong long-term growth potential in the aviation sector. No timeline for the revised proposal or the financing was reported.