Pakistan - Pakistan's private airline Airblue plans to buy between
eight and 14 new passenger jets, with the company choosing between
Airbus A320s or new generation Boeing 737s, the airline said Thursday.
company will decide within the next two months, Airblue Chief Operating
Officer Shahid Khaqan Abbasi told reporters.
deal is expected to be worth between $400 million and $700 million,
airline needs short- to medium-haul aircraft," he said.
which started operations in 2004, is one of the country's two private
domestic carriers. State-run Pakistan International Airlines dominates
the country's passenger and cargo markets.
currently flies to seven Pakistani cities, as well as to Dubai in
the United Arab Emirates and Manchester in Britain. It currently
operates six A320s.
airline has good prospects for growth in Europe and the Middle East,
Abbasi said, with more flights being planned to Dubai and Manchester.
air traffic market is tiny. Aviation experts believe it could grow
with the economy, which is expected to expand 7.2 percent in the
current fiscal year.
Copyright 2007 Associated Press