The Pakistan International Airline (PIA) Boeing-777 that was held in Kuala Lumpur, Malaysia has been all set to fly back to the country after the PIA and Peregrine Aviation Charlie Limited leasing firm company settled the case outside the court, a PIA spokesperson said, reported 24NewsHD TV channel on Wednesday.

The Malaysian court has set aside the case after both parties reached the agreement. 

Federal Minister for Aviation Ghulam Sarwar Khan already said that the PIA and the firm have agreed on an out-of-court settlement for the PIA plane seized at the Kuala Lumpur Airport on a Malaysian court’s orders.

The PIA plane was held back by the Malaysian authorities due to a British court case over the jet's lease, has been released.

The order was made by High Court judicial commissioner Atan Mustaffa Yussof Ahmad in proceedings on Wednesday afternoon. Lawyer Kwan Will Sen from Messrs Lim Chew Wee Partnership for PIA confirmed the decision today.

The TV channel reported the case was dropped from the Malaysian court by mutual consent and the plane now handed over to PIA. 

The Spokesman said, “A the PIA operated the plane as a passenger flight and returned. The crew is being sent from Pakistan to bring back the aircraft.”

It was reported on Jan 15 that the aircraft was seized in Malaysia after a court order was issued following an ex-parte decision entered pertaining to a legal dispute between PIA and another party pending in a UK court. 

The case involved a US$14 million lease dispute.

PIA spokesman Abdullah Khan said they were told the plane had been impounded on a court order.

The TV channel quoting its sources reported Foreign Ministry kept silent to bring back the PIA plane and did not raise the issue at the highest level.

PIA started efforts to get the plane back with its help and hired two international legal companies and fought the case in the court and finally now the court has dismissed the case after both parties settled the issues out of court.