LONDON: The Pakistan International Airlines informed a judge at the London High Court on Friday that it has paid around $7 million to the Peregrine Aviation Charlie Limited in the case pertaining.
Pakistan International Airlines (PIA) told the London High Court on Friday that it has paid around $7 million (Rs. 1.124 billion) to Peregrine Aviation
Plane seizure in Malaysia: PIA pays Rs1.124b to jet companyBy Murtaza Ali ShahLONDON: The Pakistan International Airlines informed a judge at the London High Court on Friday that it has paid around.
Malaysian authorities last week seized a PIA Boeing-777 at the Kuala Lumpur airport on the orders of a local court over the non-payment of aircraft lease dues owed to the AerCap.
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January 23, 2021
LONDON: The Pakistan International Airlines (PIA) informed a judge at the London High Court on Friday that it has paid around $7 million (Rs1.124 billion) to the Peregrine Aviation Charlie Limited in the case pertaining to two jets leased to it by the Dublin-based AerCap.
It’s over the same case that the Malaysian authorities last Friday seized a PIA Boeing-777 at the Kuala Lumpur airport on the orders of a local court over the non-payment of aircraft lease dues owed to the AerCap. Lawyers for both the PIA and the airliner sought adjournment on Friday to a later date in the hope that the full amount will be paid through an agreement without the court issuing any order against the PIA.