Malaysia releases PIA plane seized over payment dispute
By
A plane of Pakistan International Airlines.
Malaysian authorities seized the Boeing 777 aircraft on Jan 15 after a court allowed an application by the plane s lessor.
The Kuala Lumpur High Court ordered the immediate release of the plane after both sides said they had reached an amicable settlement
The jet was leased to PIA by Dublin-based AerCap , the world’s largest aircraft lessor, in 2015.
KARACHI: The Malaysian authorities have released the Pakistan International Airlines (PIA) plane which was seized after the national flag carrier failed to clear the dues of the leasing firm.
(Adds PIA spokesman’s comments; paragraph 6)
KUALA LUMPUR, Jan 27 (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.
The Kuala Lumpur High Court ordered the release after both sides said they had reached an amicable settlement of the dispute, involving two planes leased to PIA, a lawyer for the airline said.
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.
PIA plane seized in Malaysia over lease dispute released
Pakistan
A PIA plane.
KARACHI: A Kuala Lumpur court on Wednesday ordered to release the Pakistan International Airlines (PIA) aircraft which was seized over a lease dispute earlier this month.
According to a PIA spokesperson, the airline reached an agreement with the leasing firm for an out-of-court settlement after which the court issued the release order. 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.
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.
Both sides say they reached an amicable settlement to the dispute
Reuters
January 27, 2021
KUALA LUMPUR:
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 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 $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.