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KUALA LUMPUR, Jan 27 (Reuters) - A Malaysian court on Wednesday ordered the immediate release of a Pakistan International Airlines (PIA) plane that was held in the Southeast Asian country nearly two weeks ago due to a British court case over the jet’s lease.
Malaysian authorities seized the Boeing 777 aircraft on Jan. 15 after a court allowed an application by the plane’s lessor, Peregrine Aviation Charlie Limited, to keep it grounded pending the outcome of a $14 million lease dispute with PIA in a UK court.
The Kuala Lumpur High Court ordered the immediate release of the plane after both sides said they had reached an amicable settlement to the dispute, involving two planes leased to PIA, according to a lawyer representing the airline.
This 2016 file photo shows a Pakistan International Airlines (PIA) passenger plane prepares to take off from the Benazir International airport in Islamabad. Reuters
A Malaysian court on Wednesday ordered the immediate release of a Pakistan International Airlines (PIA) plane that was held in the Southeast Asian country nearly two weeks ago due to a British court case over the jet s lease.
Malaysian authorities seized the Boeing 777 aircraft on Jan 15 after a court allowed an application by the plane s lessor, Peregrine Aviation Charlie Limited, to keep it grounded pending the outcome of a $14 million lease dispute with PIA in a UK court.
Malaysian court releases Pakistan national carrier s plane grounded over lease dispute
27 Jan 2021 A Pakistan International Airlines passenger plane prepares to take off from the Benazir International Airport in Islamabad. File / Reuters
A Malaysian court ordered on Wednesday the immediate release of a Pakistan International Airlines (PIA) plane detained in the Southeast Asian nation nearly two weeks ago over a British court case about its lease.
Malaysia seized the Boeing 777 aircraft on Jan.15 after a court allowed an application by lessor Peregrine Aviation Charlie Limited to keep it grounded until the result of a $14-million lease dispute with PIA in Britain.
ANI | Updated: Jan 27, 2021 19:55 IST
Islamabad [Pakistan], January 27 (ANI): Malaysia on Wednesday released a Pakistan International Airlines (PIA) plane which was seized after the Pakistani carrier failed to clear the dues of the leasing firm.
A PIA spokesperson told Geo News on Wednesday that the airline reached an agreement with the leasing firm for an out-of-court settlement after which the the Kuala Lumpur High Court ordered release of the plane, Geo News reported. The airline will bring the plane back to the country as a commercial flight for which PIA staff is being sent to Malaysia, he said.
In much embarrassment to Pakistan, Malaysian authorities had seized the Boeing 777 aircraft on January 15.
A Malaysian court has ordered the immediate release of a Pakistan International Airlines (PIA) plane that was held back at Kuala Lumpur airport nearly two weeks ago due to a British court case over the jet’s lease.
Malaysian authorities seized the Boeing 777 aircraft on January 15 after a court allowed an application by the plane’s lessor, Peregrine Aviation Charlie Limited, to keep it grounded pending the outcome of a $14m lease dispute with PIA in a United Kingdom court.
The Kuala Lumpur High Court ordered the immediate release of the plane on Wednesday after both sides said they had reached an amicable settlement to the dispute involving two planes leased to PIA, according to a lawyer representing the airline.