KUALA LUMPUR – A Malaysian court on Wednesday directs immediate release ofa Pakistan International Airlines (PIA) plane that was held two weeks agoin wake of a British court case over the jet’s lease.

The court directed to release the plane with immediate release as bothsides had reached an amicable settlement to the dispute.

PIA counsel Kwan Will Sen said Peregrine has agreed to withdraw lawsuitagainst Pakistan International Airlines Corp and for the injunction ordersto be set aside. With this, the two Boeing aircraft operated by PIAC wouldbe released with immediate effect.

Earlier on January 23, the national carrier informed the London High Courtthat it has paid around $7 million to Peregrine Aviation Charlie Ltd in thecase of two jets leased to it by the Dublin-based AerCap.