ustaad ji what they are doing is forcing company to reduce amount or take back her planes . just read ATR-72 return as case study . they are doing in best interest of country .
yeah nothing wrong . we can not pay them as pre corona 0.9mn$ per month while planes are parked at bay . they should take them back or reduce the leasing amount .
i think stopping the payment was wrong but forcing company to take back the 2 b777s or reduce amount is ok . many comapanies are pushing leasing to reduce or take back pai did nothing new .
aby dry leased hai mamu kaahy ki kist
tery vijay malia se to achi trah wapas kiya . do you know how last 3 a320 were found at delhi airport ?i think stopping the payment was wrong but forcing company to take back the 2 b777s or reduce amount is ok . many comapanies are pushing leasing to reduce or take back pai did nothing new .
aby dry leased hai mamu kaahy ki kist
do you know what is dry lease ?
yeah i agree beizati ki baathaiBro they sieze our national carrier aircraft when passengers was on board. This act called slapped on nation and Gvt doing all of this on national interest ???
LOL bhai once contract is signed you have to pay it on what term n condition was mention during signing on deal. corona exist or not exist it does not matter. PIA should follow term n condition for keep away embarrassment...
This is the reason when kaptaaan team start to using brain more then average this thing is happen. But its all about national interest.
A Pakistan International Airlines plane has been held back by Malaysian authorities over a British court case, the airline said on Friday, adding that it would pursue the matter through diplomatic channels.
The Boeing 777 aircraft was seized after a court order, an airline spokesman said, and alternative arrangements were being made for passengers due to fly back to Pakistan.
“A PIA aircraft has been held back by a local court in Malaysia taking a one-sided decision pertaining to a legal dispute between PIA and another party pending in a UK court,” a PIA spokesman said in a statement.
The national carrier in a statement described the situation as “unacceptable” and said it had asked for support from Pakistan’s government to raise the matter diplomatically.
The company did not say where the plane was being held. The spokesman told Reuters that the matter related to an arbitration case over payments being heard in a UK court. Further details of the case were not immediately available.
Malaysian authorities did not immediately respond to a request for comment.
With more than $4 billion in accumulated losses, PIA was already struggling financially when flights were grounded last year due to the pandemic.
As it resumed operations in May, a domestic PIA flight crash in Karachi killed 97 of 99 people on board.
Pakistan’s aviation industry was then hit by a scandal in which pilots were found to hold “dubious” licences – prompting a number of countries to ban PIA from operating flights in their jurisdictions.
The airline was banned from flying to the European Union for six months over safety compliance concerns under a ban still in place.
PIA plane 'impounded' in Malaysia over $14 million lease dispute
A Pakistan International Airlines plane has been held back by Malaysian authorities due to a British court case over the jet's lease, the airline said on Friday, adding it would pursue the matter through diplomatic channels.www.reuters.com
Commenting on the legal dispute, PIA spokesperson Abdullah Hafeez Khan told Dawn.com that it was a "payment dispute between us and the party Perigreen" that had been filed in the UK courts about six months ago.
The spokesperson refused to give further details on the dispute, adding that the Malaysian court took an "ex-parte decision causing inconvenience to the passengers who had already boarded the plane".
In response to a question about the issue, Foreign Office spokesperson Zahid Hafeez Chaudhri said the Pakistani high commission in Malaysia was in close contact with the relevant Malaysian authorities and PIA "to address the issue at the earliest".
"Meanwhile, the passengers are being properly looked after and alternate arrangements for their travel to Pakistan have also been finalised," he said, adding that they will be departing Kuala Lumpur by Emirates flight EK-343 later tonight.
If incompetency had a face it would be Imran Khan. He and his team has ruined everything.
PIA passenger aircraft 'held back' in Malaysia as part of legal dispute
Spokesperson says the plane has been stopped as part of a "payment dispute" between PIA and another party filed in a UK court.www.dawn.com
There is sequel of failures. Journey started from selection of goons in KP and now incompetancy is prevalent in the Federal Govt. Team of Imran will not stop here. The next episode of lame excuse is 'main kahan say farashtay laoon'
PIA plane 'held back' by Malaysian authorities over UK court case
A Pakistan International Airlines (PIAa.PSX) plane has been held back by Malaysian authorities due to a British court case over the jet's lease, the airline said on Friday, adding it would pursue the matter through diplomatic channels.www.reuters.com
It's a problem related to lease of two jets made in 2015. New management is actually renegotiating leases and they've prematurely cancelled the lease on ATRs as well. Previous managements and governments had made expensive deals and now since alot of aircraft are grounded this management has been instructed to take advantage and renegotiate cheaper terms on newer build aircraft that would be safer and cheaper to operate.
These things had been piling up for years and no one was willing to make the hard decisions. PIA employees had been given enough time to mend things and they filed cases against gov appointed CEOs as well as resisted changes by gov. Decades of Political PIA appointees and PALPA brought this on themself. It's time they stopped playing with people's lives and getting bailed out by gov handouts and our patriotism. I don't want my hard earned tax money being used for salaries of people who are unqualified. Pakistan spends a pretty large chunk of its budget on defunct institutions.
Since it's unfixable now. Solution which is being worked is restructuring, relocating PIA from KHI to ISB and trying to rebuild it from scratch.
For ATR deal they found loopholes they could use to avoid a penalty and end it. Those aircraft were unsafe and this was a necessity to reduce maintenance losses.SO PIA was lying a month ago that it has negotiated a deal to return the aircraft to the leasing company with no cash penalty.
“The ATR-72 planes on lease to PIA were costing rentals whilst on ground. PIA officials negotiated a deal to return the aircraft to the leasing company with no cash penalty. It is beyond the norms of leasing business,” the spokesman said.
He said the personal efforts of the airlines’ chief as well as support from its board of directors made such a deal possible under extreme pressure on the aviation sector due to the pandemic.
PIA getting rid of four aircraft due to expensive lease
Three remaining ATR planes to be operated on short routes.www.dawn.com
