KARACHI: A Malaysian court on Wednesday ordered the immediate release of the seized Pakistan International Airlines (PIA) plane. The plane was grounded by Malaysian authorities nearly two weeks ago due to a British court case over the jet’s lease.
The Kuala Lumpur 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 PIA, according to a lawyer representing the airline.
“Peregrine has agreed to withdraw its suit against PIAC (Pakistan International Airlines Corp) and for the injunction orders to be set aside,” said PIA counsel Kwan Will Sen.
“With this, the two Boeing aircraft operated by PIAC would be released with immediate effect.”
National carrier’s plane Boeing 777 was held by authorities in the Southeast Asian country on January 15 after a court allowed a petition by the plane’s lessor, Peregrine Aviation Charlie Limited, to keep it grounded pending the outcome of a $14 million lease dispute with PIA in a UK court.