Monday, March 1, 2021

PIA pays $7 million due to recover aircraft from Malaysia

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Pakistan International Airlines (PIA) told the London High Court on Friday said that it has paid nearly around $7 million dues to Peregrine Aviation Charlie Limited for the two jets leased to it by AerCap

The hearing was related to the case of confiscation of PIA’s Boeing-777 by the Malaysian Authorities on Friday last week at Kuala Lumpur airport on the directives of the Malaysian Court.

The court asserted that PIA had not paid its dues to the Dublin-based AerCap. However, on Friday the lawyers of both the parties agreed to adjourn the date of the hearing for a later date. The aircraft leasing company believes that PIA would pay its further dues without the notice of the court.

The plaintiff’s lawyer said, “The claimant’s position is that the sums were paid today by the defendant (PIA).”

Last week, local authorities in Malaysia had seized a Pakistan International Airlines (PIA) plane in Kuala Lumpur on the regional court’s order. PIA Boeing 777 was stopped on account of non-payment of a lease. The leasing company had called upon the Malaysian courts to impound the aircraft.

Read more: PIA plane seized in Malaysia over a legal dispute

According to sources, the said case is currently ongoing in a UK court, and it has begun its proceedings based on one-sided views and information.

“A PIA aircraft has been held back by a local court in Malaysia taking the one-sided decision about a legal dispute between PIA and another party pending in a UK court,” read a tweet issued by PIA’s official Twitter handle.

Read more: PIA sets record with one passenger onboard on Manchester flight

“It is an unacceptable situation and PIA has engaged the support from Government of Pakistan to take up this matter using diplomatic channels,” read another tweet by PIA.

According to sources, despite being aware of the currently seized aircraft’s unpaid lease, PIA still sent it to Kuala Lumpur.

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