IANS | 23 Jan, 2021
The Pakistan International Airlines (PIA) confirmed that it has paid
around $7 million o a jet company after a plane of the flag carrier was
seized by Malaysian authorities over the non-payment of aircraft lease
dues, the media reported on Saturday.
On Friday, the PIA informed
the London High Court that it paid the amount to Peregrine Aviation
Charlie Ltd in the case pertaining to two jets leased to it by the
Dublin-based AerCap, reports Geo News.
The court was told that
the PIA did not make payments since it asked for the amendment of its
claim last July and that it owed $580,000 per month to the airliner.
The litigation was initiated due to non-payment.
The
leasing company had filed a case against PIA at the London High Court
in October 2020 over its failure to pay the leasing fee worth about $14
million, which had been pending for six months.
As soon as the
company received the information of the PIA flight 895's scheduled
landing in Malaysia, it appealed to a local court to seize the aircraft
as per the international civil aviation leasing laws, sources added.
The Boeing 777 aircraft was then seized on January 15 after the London High Court issued the order.