Malaysian court releases PIA plane

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Kualampur

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.
At the time, the national flag carrier had called the decision by the Malaysian court “one-sided” and said it had caused “inconvenience to the passengers who had already boarded the plane”.

The Kuala Lumpur High Court ordered the immediate release of the plane 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.—— Reuters

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