Malaysia releases Pakistani plane seized in lease dispute: Report

Malaysia releases Pakistani plane seized in lease dispute: Report

Lokmat

Malaysia on Wednesday released a Pakistan International Airlines' (PIA) plane which was seized after the Pakistani carrier failed to clear the dues of the leasing firm.

Malaysia on Wednesday released a Pakistan International Airlines' (PIA) plane which was seized after the Pakist carrier failed to clear the dues of the leasing firm.

A PIA spokesperson told Geo News on Wednesday that the airline reached an agreement with the leasing firm for an out-of-court settlement after which the the Kuala Lumpur High Court ordered release of the plane, Geo News reported.

"The airline will bring the plane back to the country as a commercial flight for which PIA staff is being sent to Malaysia," he said.

In much embarrassment to Pakistan, Malaysian authorities had seized the Boeing 777 aircraft on January 15.

The high court ordered the immediate release of the plane after both sides said they had reached an amicable settlement to the dispute, involving two planes leased to the PIA, according to a lawyer representing the airline.

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