• Passenger flight from Kuala Lumpur to resume tomorrow
KUALA LUMPUR: A Malaysian court has ordered immediate release of a Pakistan International Airlines (PIA) plane that had been seized nearly two weeks ago by the authorities over a London court case about the jet’s lease after the applicant, Peregrine Aviation Charlie Ltd, agreed to withdraw its suit against PIA Corporation.
The Boeing 777 aircraft was seized on Jan 15 soon after landing at Kuala Lumpur International Airport on the orders of a local court that 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.
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KUALA LUMPUR 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.
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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.
Malaysia releases PIA plane seized over payment dispute
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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.
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.