October 2: The Nepal Airlines Corporation (NAC) Reforms Recommendation Committee has suggested the government to invest more capital to make the national flag carrier more competitive.    
The committee led by former Governor of Nepal Rastra Bank (NRB) Dipendra Bahadur Chhetri submitted its report to Minister for Culture, Tourism and Civil Aviation Sudan Kirati on Sunday stating that additional capital should be invested for the elevation of the NAC.    
CA Piyus Anand, Captain Om Gurung, Tikaram Rai and Sahara Neupane were the members in the five-member recommendation committee led by Chhetri.    
"There are instances of governments across the globe providing capital to their flag carriers in need during special circumstances. Considering this fact, the government should take the state-owned NAC to a competitive state by investing additional capital," states the report.    
Currently, the NAC is reeling under serious crisis with negative net worth of Rs 4.9 billion till fiscal year 2078/079 BS.     
The total loan of the NAC stands at Rs 48.3 billion. The report has pointed out that NAC should explore ways to receive concessional loan and increase its business to reduce its outstanding debts.    
Likewise, the committee has recommended that the chief executive of the NAC should be appointed through an open competition by a committee under the leadership of National Planning Commission Vice-Chairman.    
Likewise, the committee has also suggested to embrace modern management system.    
Furthermore, the committee has recommended that the NAC could be run in a company model by welcoming a strategic partner. -- RSS