The Pakistan International Airlines (PIA) on Friday informed the LondonHigh Court that it has paid around $7 million to Peregrine Aviation CharlieLtd in the case pertaining to two jets leased to it by the Dublin-basedAerCap.

The development came after the Malaysian authorities seized a PIABoeing-777 at the Kuala Lumpur airport last Friday, on the orders of alocal Malaysian court, over the non-payment of aircraft lease dues owed tothe Dublin-based AerCap.

Lawyers for both the PIA and the airliner sought an adjournment as theyhoped that the full amount would be paid through an agreement without thecourt issuing an order against PIA.

Appearing online, the airline’s lawyer Erin Hitchens requested the judge toadjourn the hearing as the parties settle issues of the lease, rent,interest, lease, and the allocation of payment.

The Dublin-based AerCap’s lawyer told the court: “The claimant’s positionis that the sums were paid today by the defendant (PIA).”

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