Islamabad: The Pakistan International Airlines (PIA) on Friday informed the London High Court that it has paid around USD 7 million to Peregrine Aviation Charlie Ltd in the case related to two jets leased to it by the Dublin-based AerCap.
This comes a week after the Malaysian authorities seized a PIA Boeing-777 at the Kuala Lumpur airport 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 as they hoped that the full amount would be paid through an agreement without the court issuing an order against PIA, reported Geo News.
The Dublin-based AerCap's lawyer told the court: "The claimant's position is that the sums were paid today by the defendant (PIA)."
The court was informed that the PIA didn't make payments since it asked for the amendment of its claim in July and that it owed USD 580,000 per month to the airliner, but it didn't pay and litigation was initiated.
The leasing company had filed a case against the PIA in London High Court in October 2020 over its failure to pay the leasing fee worth about $14 million which had been pending for six months.