NAC to start talks over Airbus A330 jets after September


22nd Sep, 2017 | Tourism Mail Crew


KATHMANDU, Sep 22 : Nepal’s National Carrier The Nepal Airlines Corporation is set to start talks over new Airbus A330 jets immediately after September as the Chinese team is set to be arriving Nepal.

The Hi Fly, a Lisbon-based airline which has ordered two Airbus A330-200s jets on behalf of Nepal Airlines Corporation (NAC), is scheduled to arrive in Nepal after Dashain, the carrier has informed.

The team will discuss aircraft specifications including seating capacity and other technical aspects, said Sugat Ratna Kansakar, managing director of NAC.

The national flag carrier has selected a consortium led by US-based AAR Corp to supply the planes. AAR Corp has formed a special purpose vehicle led by Hi Fly. NAC has signed a $209.6-million contract with the consortium.

Last June, NAC made an advance payment of $79 million for the two wide-body aircraft. The payment amount is 35 percent of the cost of the jets. According to NAC, the first of the two planes is expected to arrive in Nepal in May 2018, and the second one by June.

NAC has borrowed Rs24 billion from the Citizen Investment Trust (CIT) and the Employees Provident Fund (EPF) to buy the jets.