PIA pay $7 million to jet company in Malaysia.

Pakistan International Airlines  on Friday informed the London High Court that it had paid around $7 million to Peregrine Aviation Charlie Ltd in the case pertaining to two jets leased to it by the Dublin-based AerCap.development came after the Malaysian authorities seized  PIA Boeing-777 at  Kuala Lumpur airport last Friday on the orders of a local Malaysian court, over the non-payment of aircraft lease dues owed to the Dublin-based AerCap.

Lawyers for both the PIA and the airliner sought an adjournment  they hoped that the full amount would be paid through an agreement without the court issuing an order against PIA.

appearing online the airline lawyer Hitchens requested the judge to adjourn the hearing  the parties settle issues of the lease, rent, interest, lease, and  allocation of payment.The Dublin-based AerCap's lawyer told the court The claimant position is that the sums were paid today by the defendant

The court was told that PIA did not make payments since it asked for the amendment of its claim in July and that it owed $580,000 per month to  airliner, but it did not pay and litigation was initiated.

The leasing company had filed a case against PIA in London High Court in October 2020 over its failure to pay the leasing fee worth about $14 million  which had been pending fo six months.In response, PIA had maintained that since the COVID-19 pandemic had seriously affected the aviation industry, there should be a reduction in the overhead charges.

Meanwhile, the leasing company kept  eye on the activities of PIA, and as soon as it received the information of flight 895 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 seized after London High Court issued the order to  airline 

A PIA aircraft has been held back by a local court in Malaysia taking a one sided decision pertaining to a legal dispute between PIA and another party pending in a UK court a PIA spokesperson Abdullah H Khan said in  statement  the time but today flag carrier lawyers raised no objections about the seizure of its plane in Malaysia.

The interim injunction ordered that the PIA  restrained from moving two aircraft in its fleet  a Boeing 777- 200ER with serial number 32716 and  Boeing 777- 200ER with serial number 32717 — once they have landed or parked at Kuala Lumpur International Airport until a further hearing  the matter.