World
A Pakistan International Airlines (PIA) Passenger jet
Pakistan's strategic partner, Malaysia, has once again seized a Pakistan International Airlines (PIA) Boeing 777 passenger jet due to outstanding payment issues.
According to a report, the Boeing 777 aircraft was acquired by PIA through a leasing arrangement with Malaysia. Reportedly, the passenger jet was seized due to non-payment of dues worth $4 million.
In a previous incident in 2021, the Kuala Lumpur airport authorities took possession of the same aircraft due to non-payment of dues totaling $14 million.
The jet was subsequently released by the Malaysian court following an out-of-court settlement and diplomatic assurances to the leasing company.