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.
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.
Aviation Minister Ghulam Sarwar Khan addresses a press conference in Rawalpindi on Saturday. PID
ISLAMABAD: A day after a Pakistan International Airlines plane was impounded by Malaysian authorities due to a British court case over the aircraft’s $14 million lease dispute, Aviation Minister Ghulam Sarwar Khan said on Saturday that the national carrier did not pay the lease due to the Covid-19 pandemic.
Talking to reporters in Chak Beli Khan, the aviation minister said that PIA got two aircraft on lease in 2015 but due to the Covid-19 pandemic, the airline failed to pay the dues last year.
He said that a case was pending in a United Kingdom’s court and the airline was contesting the case in the UK but there had been no ruling in it yet.
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