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Latest News for: Aviation leasing
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Pak Civil Aviation Authority slams PIA for being 'unaware of international leasing laws'
Yahoo Daily News 18 Jan 2021
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‘More airline casualties ahead’ as industry faces further losses in 2021
The Irish Times 18 Jan 2021
PWC believes that as the crisis continues, the leasing business also faces a shake-up, with increased mergers and acquisitions likely. The Republic is a key centre for leasing, with 14 of the 15 biggest players in the world based here, including Aercap, Avolon and SMBC Aviation Capital ... Aircraft leasing will survive, she says....
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Stranded crew of seized plane due today
Dawn 18 Jan 2021
To review the situation after the PIA plane was seized in Malaysia over a lease dispute and the airline’s concern over air services agreements with other countries, the aviation division has called a meeting of the working group, headed by senior joint secretary of the aviation division Abdul Sattar Khokhar on Wednesday, sources said....
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More ignominy for PIA
Dawn 18 Jan 2021
From the details available, it appears that this particular jet is one of two leased by PIA from a Dublin-based company and is part of the portfolio sold by the latter to Peregrine Aviation Charlie Ltd, which is the plaintiff in the case ... For this, the Civil Aviation Authority as the regulator must shoulder a large part of the blame....
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Will your wind farm sail or fail? Bengaluru-based Wind Pioneers has the answer
Yahoo Daily News 18 Jan 2021
Read full article. Vishal Krishna ( )17 January 2021, 11.55 pm·5-min read ... Snapshot of Wind Pioneers ... “Our proprietary tools ensure fast, robust analyses at a fraction of the time and effort of industry-standard approaches ... ALSO READ ... few trusted him ... Pak Civil Aviation Authority slams PIA for being 'unaware of international leasing laws'....
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Three PIA officers under probe after plane seizure in Kuala Lumpur
The News International 17 Jan 2021
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PIA didn’t pay lease due to pandemic, says minister
Dawn 17 Jan 2021
A day after a Pakistan International Airlines plane was impounded by Malaysian authorities due to a British court case over the aircraft’s $14 million lease dispute, Aviation Minister Ghulam Sarwar Khan said on Saturday that the national carrier did not pay the lease due to the Covid-19 pandemic....
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From disaster to disaster
The News International 17 Jan 2021
The dispute pertains to the lease agreement on the aircraft, which was originally leased from the Irish company, AerCap and then through the leasing giant Peregrine Aviation Charlie Limited ... Pakistan is, according to the Malaysian court order, required to pay $14 million on the leasing of this aircraft and the other Boeing 777....
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Ghulam Sarwar says PIA will appear before Malaysian, London courts over non-payment of lease
The News International 16 Jan 2021
Federal Minister for Aviation Ghulam Sarwar Khan ... In the meanwhile, the leasing company kept an eye on the activities of PIA, and as soon as it received the information of Flight 895's scheduled landing in Malaysia, it appealed to the Malaysian court to seize the aircraft as per the international civil aviation leasing laws, sources added....
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PIA plane seized in Malaysia over $14m lease dispute
Dawn 16 Jan 2021
The case involved a $14 million lease dispute, a PIA official said ... According to the order passed by the Kuala Lumpur High Court on Thursday seen by Reuters, the plaintiff of the case is Peregrine Aviation Charlie Limited and the matter pertains to two jets leased to PIA by Dublin-based AerCap, the world’s largest aircraft lessor, in 2015....
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PIA aircraft held back in Malaysia over unpaid dues; no limit to PAK's frivolous spends [Details]
International Business Times 16 Jan 2021
AerCap's lease dispute. According to a copy of the orders, passed by the Kuala Lumpur High Court on Thursday, received by Reuters, the plaintiff of the case is learned to be Peregrine Aviation Charlie Limited and the matter pertains to two jets leased to PIA by Dublin-based AerCap, the world's largest aircraft lessor, in 2015....
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