Bloomberg Pakistan barred the first foreign national chief executive of the state-owned national airline from leaving the country as the government begins an investigation into a plane-lease contract. Bernd Hildenbrand, the German head of Pakistan International Airlines (PIA) Corp., has been put on a so-called exit control list and the nation’s anti-graft Federal Investigation Agency has been directed to …

  Bloomberg French authorities joined the UK in a corruption probe of Airbus Group SE centered on allegations of fraudulent practices related to selling planes and arranging aircraft financing. The probe by the Parquet National Financier follows steps by the UK’s Serious Fraud Office in August to look into possible bribery and corruption in Airbus’s civil aviation business related to …

  Dubai / Emirates Business As passenger volumes continue to grow and airlines worldwide expand their fleets, airport infrastructure is fast becoming a growth bottleneck. Privatisation has an important role to play in eliminating this barrier to growth, according to Oliver Wyman’s ‘Leveraging the Private Sector to Improve Airport Infrastructure’ report. The paper examines the issues and challenges of airport …