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The Bigger Pattern Pakistan Must Confront
Shaheen Air collapsed. Air Indus vanished. Bhoja Air disappeared.
Each time, the same cycle:
- Aggressive expansion
- Weak financial discipline
- Maintenance stress
- Regulatory pressure
- Collapse
- Assets redistributed
Then a new airline appears. Same planes. Same optimism. Same risks.
This is not coincidence.
This is systemic fragility.
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