PIA pays USD 7 mn to Irish company after plane seized in Malaysia over lease dispute
The Pakistan International Airlines (PIA) has informed the London High Court that it has paid USD 7 million to an Irish jet company, a week after a plane of the cash-strapped national flag carrier with 170 passengers on board was seized at the Kuala Lumpur airport over a lease dispute.
The PIA informed a judge at the London High Court on Friday that it has paid around USD 7 million to the Peregrine Aviation Charlie Limited in the case pertaining to two jets leased to it by the Dublin-based AerCap, Dunya TV reported.
Malaysian authorities last week seized a PIA Boeing-777 at the Kuala Lumpur airport on the orders of a local court over the non-payment of aircraft lease dues owed to the AerCap.
