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Nepal : NAC seeks global tender to procure two widebody jets
Publish Date : 27-Sep-2016
The national flag carrier, the Nepal Airlines Corporation (NAC) is inviting global tender to procure two wide-body aircraft. NAC decided to invite global tender after the Employees Provident Fund (EPF) agreed to finance purchase of the aircraft following the government's decision to act as a guarantor for NAC.
On Sunday, the Ministry of Finance has sent a letter to the Nepal Airlines Corporation (NAC), assuring that it will stand as a guarantor for Rs 25 billion loan that NAC plans to take to procure two wide-body aircraft.
The Employess Provident Fund (EPF) during last week had written to the NAC, stating that it was ready to provide the national flag carrier Rs 25 billion.
Citizens Investment Trust (CIT) as well as certain commercial banks are also interested to extend loans to NAC as the national flag carrier has been servicing loans, which it had taken to purchase two Airbus A320-200 aircraft, on a regular basis.
