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Nepal Airlines
Representative Image from Wikimedia Commons

Nepal Airlines to lease out or sell six Chinese-made aircraft

| @indiablooms | Apr 08, 2021, at 04:44 am

Nepal Airlines has decided to lease out or even sell six Chinese-made aircrafts as they were creating more trouble.

They were grounded earlier. "Out of the two options recommended by the Finance Ministry—dry lease or outright sale—Nepal Airlines will try the first one," Dim Prasad Poudel, managing director of Nepal Airlines, told The Kathmandu Post.

“We have constituted a committee to determine the lease rate. The panel will submit a report within a week, and we will show it to the board for its go-ahead,” he told the Post.

After the board's approval, Nepal Airlines will invite offers from prospective national and international bidders to lease the Chinese planes, said Poudel.

“If there are no takers, we will go for the second option—sale. Both options seem difficult, but we don’t have any alternative,” said Poudel.

Image: Representative image not related to the main story

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