Serene Air secures investment to strengthen financial position
Serene Air has signed a memorandum
of understanding (MoU) with an undisclosed investor to facilitate a strategic
equity injection aimed at strengthening the airline’s financial position and
supporting its long-term growth plans.
The agreement, signed on May 5 and
announced via the airline’s official social media platforms, outlines a
framework for collaboration intended to enhance Serene Air’s operational
capabilities and competitiveness in a challenging aviation market.
“This partnership will reinforce our
financial foundation and enable us to improve our service offerings,” the
airline said in a statement. “It marks an important step in our journey toward
sustainable growth.”
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The unnamed investor expressed
confidence in the airline’s future, stating:
“We are pleased to take the first
step toward a partnership with Serene Air. The airline holds significant growth
potential, and we look forward to working together to unlock new opportunities
in Pakistan’s aviation sector.”
Serene Air currently operates a
fleet of seven aircraft, including three Airbus A330-200s and four Boeing
737-800s, serving destinations across Pakistan, the United Arab Emirates, and
Saudi Arabia. However, according to ch-aviation data, only two A330s and one
B737 are presently active.
Founded in 2017, Serene Air is one
of five scheduled passenger airlines currently operating in Pakistan. The MoU
signals the start of a formal process toward a finalized investment agreement,
which remains subject to due diligence and regulatory approvals.
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The new investment is expected to
position Serene Air for a more robust recovery and expansion in both domestic
and regional markets.
Source: www.ch-aviation.com