AGL 35.70 Increased By ▲ 0.95 (2.73%)
AIRLINK 133.50 Decreased By ▼ -2.60 (-1.91%)
BOP 4.97 Decreased By ▼ -0.07 (-1.39%)
CNERGY 4.03 Decreased By ▼ -0.12 (-2.89%)
DCL 8.42 Decreased By ▼ -0.18 (-2.09%)
DFML 47.40 Decreased By ▼ -1.53 (-3.13%)
DGKC 75.00 Decreased By ▼ -0.75 (-0.99%)
FCCL 24.25 Increased By ▲ 0.06 (0.25%)
FFBL 46.00 No Change ▼ 0.00 (0%)
FFL 8.93 Decreased By ▼ -0.12 (-1.33%)
HUBC 154.10 Increased By ▲ 1.25 (0.82%)
HUMNL 11.00 Increased By ▲ 0.23 (2.14%)
KEL 4.06 Increased By ▲ 0.04 (1%)
KOSM 8.88 Decreased By ▼ -0.01 (-0.11%)
MLCF 32.75 Decreased By ▼ -0.26 (-0.79%)
NBP 57.80 Decreased By ▼ -0.10 (-0.17%)
OGDC 142.80 Increased By ▲ 1.50 (1.06%)
PAEL 26.01 Increased By ▲ 0.31 (1.21%)
PIBTL 5.92 Decreased By ▼ -0.12 (-1.99%)
PPL 114.60 Decreased By ▼ -0.10 (-0.09%)
PRL 24.15 Decreased By ▼ -0.10 (-0.41%)
PTC 11.47 Decreased By ▼ -0.06 (-0.52%)
SEARL 58.00 Increased By ▲ 0.50 (0.87%)
TELE 7.71 Decreased By ▼ -0.04 (-0.52%)
TOMCL 41.14 Increased By ▲ 0.44 (1.08%)
TPLP 8.67 Increased By ▲ 0.09 (1.05%)
TREET 15.08 Increased By ▲ 0.05 (0.33%)
TRG 59.90 Increased By ▲ 5.42 (9.95%)
UNITY 28.00 Decreased By ▼ -0.50 (-1.75%)
WTL 1.35 Decreased By ▼ -0.04 (-2.88%)
BR100 8,460 Increased By 83.9 (1%)
BR30 27,268 Increased By 161.9 (0.6%)
KSE100 80,461 Increased By 970.2 (1.22%)
KSE30 25,468 Increased By 399.6 (1.59%)

KARACHI: Pakistan International Airlines (PIA) successfully retrieved its impounded Boeing 777 aircraft at Kuala Lumpur International Airport, allowing it to fly back to Islamabad.

The aircraft had been held due to payment disputes, with a Malaysian court issuing an order to stop the plane without prior notice or summoning PIA.

The PIA-owned aircraft was seized on May 26, following a legal petition filed by a leasing company in a Malaysian court, claiming outstanding dues from the airline.

Payment dispute: PIA aircraft impounded in Malaysia

The leasing company asserted that PIA owed them $ 4.5 million, while the airline contended that the actual payable amount was $ 1.8 million, which had already been paid.

Just minutes before the flight was scheduled to depart on May 29, PIA and airport authorities received the court order to halt the aircraft. However, after three days of intensive efforts by the PIA legal team, the court suspended the order, leading to the release of the impounded aircraft.

PIA spokesperson confirmed that the aircraft, via flight PK 6893, departed from Kuala Lumpur to Islamabad after receiving transit clearance. This incident marks the second time a PIA aircraft has faced impoundment in Malaysia over similar payment disputes.

PIA gets approval from PCAA to perform ‘Check Maintenance’ at Islamabad

In 2021, the same aircraft was seized by Kuala Lumpur airport authorities; however, it was released following diplomatic assurances regarding the settlement of dues.

The release of the aircraft comes as a relief to PIA, allowing the airline to resume its operations without any further disruptions. PIA has been facing numerous challenges, including financial difficulties and operational constraints.

Copyright Business Recorder, 2023

Comments

Comments are closed.