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Nepal Airlines announced to sell six Chinese-made aircrafts

File photo

KHATMANDU, 5 April, 2021 (TON): The Nepal Airlines have decided to lease out its six Chinese-made aircrafts.

Dim Prasad Poudel, managing director of Nepal Airlines said, "Out of the two options recommended by the Finance Ministry; dry lease or outright sale, Nepal Airlines will try the first one."

“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 media.

“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.

The move came following Nepal Airlines repeated assertions that Chinese-made planes were causing heavy losses ever since they were acquired between 2014 and 2018, and that it wants to remove them to stop further losses.

However, the officials decided that the planes will be given on dry lease, which means the owner will provide the aircraft only, without crew or ground staff.

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