The order was made by High Court judicial commissioner Atan Mustaffa Yussof Ahmad in proceedings this afternoon.
Lawyer Kwan Will Sen from Messrs Lim Chee Wee Partnership for PIA confirmed the decision today.
“The lessor, Peregrine Aviation Charlie Ltd, and PIA, have arrived at an amicable settlement of the dispute between them. Peregrine has agreed to withdraw its suit against PIA and for the injunction orders to be set aside.
“With this, the two Boeing aircraft operated by PIA would be released with immediate effect,” Kwan told
theedgemarkets.com.
Kwan appeared with Joyce Lim while Malaysia Airports Holdings Bhd (MAHB) and Malaysia Airports (Sepang) Sdn Bhd (MASSB) were represented by Shannon Rajan.
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ISLAMABAD/KUALA LUMPUR (Reuters) - A Pakistan International Airlines plane has been held back by Malaysian authorities due to a British court case over the jet’s lease, the airline said on Friday, adding it would pursue the matter through diplomatic channels.
The Boeing 777 aircraft was seized after a court order, an airline spokesman said, and alternative arrangements were being made for passengers due to fly from Kuala Lumpur back to Pakistan.
The case involved a $14 million lease dispute, a PIA official said.
“A PIA aircraft has been held back by a local court in Malaysia taking a one-sided decision pertaining to a legal dispute between PIA and another party pending in a UK court,” a PIA spokesman Abdullah H. Khan said in a statement.
Home / International / PIA pays $7m to leasing company, remaining amount to be settled, London High Court told
PIA pays $7m to leasing company, remaining amount to be settled, London High Court toldInternational 2021-01-24, by Editor Comments Off 2
LONDON: The Pakistan International Airlines (PIA) on Friday informed the London High Court that it has paid around $7 million to Peregrine Aviation Charlie Ltd in the case pertaining to two jets leased to it by the Dublin-based AerCap.
The development came after the Malaysian authorities seized a PIA Boeing-777 at the Kuala Lumpur airport last Friday, on the orders of a local Malaysian court, over the non-payment of aircraft lease dues owed to the Dublin-based AerCap.
The Pakistan International Airlines (PIA) on Friday informed the London High Court that it has paid around USD 7 million to Peregrine Aviation Charlie Ltd in th