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NAC to get 2 Airbuses soon

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NAC to get 2 Airbuses soon
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January 24: Nepal Airlines Corporation (NAC) is preparing to make additional international flights with the new wide-body airbus which will be arriving soon.

The new aircrafts will make a minimum of two flights a week to Japanese capital Tokyo, South Korea’s Seoul, and Saudi Arabia’s Riyadh, informed NAC Spokesperson Rabindra Shrestha.

NAC informed that two wide-body airplanes will arrive in Kathmandu within June, 2018.

The flag carrier of Nepal is already making plans for the probable destinations so that it make flights as soon as the airplanes arrive, informed Shrestha.

NAC had signed an agreement with American aircraft manufacturer AAR Corporation to procure two wide-body airplanes of 330-200 series at Rs 22.63 billion in April, 2017.  NAC has already made payment of Rs 107 million in advance and Rs eight billion as first installment in June/July of last year. NAC has taken loan of Rs 12 billion from Employees Provident Fund (EPF) and Citizens Investment Trust (CIT) for purchasing the aircrafts on condition that it would pay back the loan within 15 months.

NAC will pay the second installment to the US company a week before the airplanes arrive, informed NAC. According to the agreement with AAR, the first wide-body airplane will arrive in May, 2018 and the second airplane will arrive in June the same year.   

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