Islamabad: National Aviation a week after Pakistan International Airlines (PIA) seized 170 passengers at Kuala Lumpur Airport in a dispute over the lease amount. The company told the London High Court that it had paid US $ 7 million (US Dollars) to an Irish Jet Company.
The PIA told a London High Court judge on Friday that it had paid Peregrine Aviation Charlie Ltd about US $ 7 million in the case of two planes leased by Dublin-based Aircap, according to World TV news.
PIA’s Boeing-777 aircraft was seized at the Kuala Lumpur airport last week by Malaysian authorities following a local court order in a case related to AirCap not paying the aircraft lease amount. The news said that lawyers of both PIA and Airlines on Friday requested the court to give the next date of hearing in the case.
It is expected that the entire amount will be paid under the agreement before any order is passed against the PIA by the court. Counsel for the Dublin-based Aircap told the court, “The plaintiff’s position is that the money has been paid today by the defendant (PIA).”
According to the news, the court was told that the PIA had not paid the amount since July and that it had to pay a sum of five lakh and eighty thousand US dollars to the airlines every month. Failure to do so was filed. The PIA stated in its plea that the aviation industry has been severely impacted by the Kovid-19 pandemic and hence the amount should be reduced.
Meanwhile, the leasing company was monitoring the activities of the PIA and as soon as it came to know that flight number 895 was scheduled to land at the airport in Malaysia, the local court under the International Civil Aviation Lease Act, sources said. In the application filed for the seizure of the aircraft. An airline spokesperson said that the Boeing-777 aircraft was seized after the London High Court issued the order.
