Of the loan obligations taken from the Employees Provident Fund and Citizens Investment Fund, a total of Rs 539.55 million was paid in full for the installments of two narrow-body aircraft until mid-Asoj and a partial payment of two wide-body aircraft was made on Asoj 11, informed Subash Dangi, spokesperson of the Corporation.
Nepal Airlines Corporation has paid off the aircraft loan until mid-October 2082.
The Corporation has paid a total of Rs 539.555,657 in installments for the two narrow-body and two wide-body aircraft purchased for international flights from the Employees Provident Fund and the Citizens Investment Fund, and has paid a total of Rs 539.555,657 in installments for the two narrow-body aircraft until mid-Asoj, and a partial payment for the two wide-body aircraft on Asoj 31, informed the Corporation's spokesperson, Subash Dangi.
He said, 'After the current leadership took over the management of the Corporation, the Corporation has paid a total of Rs 8.45 billion 2.418 million 18,657 in installments under the title of aircraft purchase-related debt liability for the period up to mid-Asoj 2082.'
Similarly, since the global COVID-19 pandemic has adversely affected the Corporation's business, a request has been sent to the Employees Provident Fund and the Citizens Investment Fund to provide assistance by waiving interest, fines and penalties for that period and to facilitate the payment of debt liability by increasing the number of installments, and positive discussions are underway in this regard, said Spokesperson Dangi.
