Pakistani authorities confirmed the loss of K2 Airways’ only aircraft, a Boeing 737-400 freighter (AP-BOI), after wreckage was located 53 nautical miles south of Ormara in the Arabian Sea. The crash, occurring on 7 July 2026 following a reported navigation system fault, marks the airline’s first hull loss and eliminates its entire fleet. Flight tracking data revealed a chaotic descent: the plane plunged nearly 5,000 feet in under a minute, climbed 6,000 feet in 30 seconds, then entered a catastrophic dive from 36,550 feet at 22,400 feet per minute. Five crew members remain unconfirmed, with search operations ongoing. Pakistan leads the ICAO Annex 13 investigation with technical advisers from Boeing and GE Aerospace. The black boxes have not yet been recovered.