KUALA LUMPUR: The Kuala Lumpur High Court on Wednesday issued the order to release Pakistan International Airline (PIA) plane, which was grounded by the Malaysian authorities over lease dispute about fortnight ago.
The Malaysian authorities had impounded the Boeing 777 aeroplane in the mid of Jan after the lessor of the plane demanded from them to keep it grounded for not paying dues worth 14 million dollars until the UK court issued a verdict in the disagreement between them.
The court announced this verdict after both the stakeholders reached an agreement on the matter. PIA lawyer Kwaan Will Sen relayed that the lessor, Peregrine Aviation Charlie Limited, had agreed to withdraw the reference against the Pakistani national flag carrier.
“With this order, the two Boeing aircraft operated by PIAC would be released with immediate effect,” the PIA counsel said.
In an official statement posted on Twitter on Jan 15, the PIA had said: “A PIA aircraft has been held back by a local court in Malaysia.”
“The passengers are being looked after and alternate arrangements for their travel have been finalized,” the statement had added.
