Aero Asia International (commonly known as AeroAsia) was the principle and one of the largest private international airline based in Karachi, Pakistan from 1993 until its collapse on 19 May 2007. Founded in 1993 by Tabani Group of Investors, Aero Asia started its operations as a scheduled passenger and cargo air service to its domestic and international destinations in Gulf states. Aero Asia was noted as a Low-cost carrier with wide usage of jet aircraft and jumbo jets. In 2006, Aero Asia was acquired by the British Regal Group from the Tabani Investors but soon failed to provide safety guidelines to its customers. The managerial, corporate management issues, and financial problems caused to Aero Asia led to its suspension by the Civil Aviation Authority (CAA) on 10 May 2007. Its previous management's issues relating to the operating compliance on CAA terms and its customer's safety guidelines failed to respond to repeated warnings over a lengthy period. Despite speculations on resuming its operations, the Aero Asia's corporate office's spokesperson confirmed its financial collapse. History Aero Asia International (Pvt) Ltd. was established and founded by the Tabani Group of Companies in 1993 who benefited with the privatization program in 1993. Aero Asia started its aerial operations on 4 May 1993. The Aero Asia made a promising start after employing former managerial and corporate staff of Pakistan International Airlines, and hired a flurry of former pilots of the PAF and the Navy. On immediate basis, the Aero Asia's corporate contracted two Romanian Airlines aircraft for wet-lease and lease-purchase of the BAC 1-11. Operations were started with a wet-leased BAC 1-11 from the VIP fleet of Romania operated by Romanian Airlines, a sister company of the Romanian Air Force. This fleet was primarily used by Romanian government dignitaries during Nicolae Ceaușescu's times. However, the post Ceaușescu governments decided to earn a little money by leasing this fleet to other commercial operators. Later, Aero Asia obtained four BAC 1-11s on lease purchase option from TAROM, the national airline of Romania. The airline in its initial years, made serious commitments to training its locally hired staff, following the example of PIA and in line with requirements of the local civil aviation authority. A small training school was also founded to train members of the cabin crew. Former Pakistan Air Force pilots were recruited. They began flying as co-pilots with the Romanian Pilots. In 1994, Aero Asia