Nepal Airlines Corporation plans to borrow NPR 135 billion to buy new airplanes. The corporation’s executive committee made this decision and issued an international tender for the aircraft purchase.
As part of a 10-year business plan, Nepal Airlines intends to use the borrowed funds to buy planes for both domestic and international flights. They also mentioned their plan to construct hangars for maintaining international-level aircraft.
The corporation aims to secure loans at lower interest rates compared to those from the Employee Provident Fund and Citizens Investment Trust. These funds are intended for purchasing ‘A320’ and ‘A330’ aircraft for international flights, according to their press release.
Currently, Nepal Airlines operates two large and two small aircraft for international flights. One of the smaller planes has been out of service for about two months. Additionally, they have two twin otter aircraft operating for domestic flights.
The corporation is in the process of leasing three planes for regional airports and three smaller aircraft for international flights.
