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Islamabad, January 27
A Boeing 777 aircraft of cash-strapped Pakistan International Airlines (PIA) held in Malaysia has been released and arrangements are being made to fly it back home, according to an official statement here on Wednesday.
The aircraft with 170 passengers on board was held back in Kuala Lumpur on January 15 over a lease dispute case between the national flag carrier and an Irish company.
In a statement on Wednesday, the PIA said the issue with the leasing company had been resolved and a Malaysian court had dismissed the matter with the consent of all parties.
“We are sending our crew to Malaysia to bring back the plane. It will come back as a regular passenger flight within the next two days,” the PIA statement said.
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.
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.
In this file photo, Aviation Minister Ghulam Sarwar Khan addresses a press conference in Islamabad. APP/File
TAXILA: Federal Minister for Aviation Ghulam Sarwar Khan has said that the Pakistan International Airlines (PIA) and the Peregrine Aviation Charlie Limited leasing firm have agreed on an out-of-court settlement for the PIA plane seized at the Kuala Lumpur Airport on a Malaysian court’s orders.
Talking to journalists in Wah on Sunday, the minister said that the next hearing of the case would be held in a London Court on Jan 22 and hopefully the issue would be resolved.
Malaysian authorities seized a PIA Boeing-777 at the Kuala Lumpur Airport on the orders of the Malaysian court after PIA failed to pay the leasing fee of about $14 million.