Nepal Airlines yet to lodge FATAOC request for Sydney ops

Kathmandu plans partial privatisation of Nepal Airlines

Nepal Airlines again puts B757 up for sale

Nepal Airlines (RA, Kathmandu) is attempting to auction an almost 35-year-old mixed configuration B757-200CB, along with its inventories, on an as is where is basis using standard international competitive bidding procedures.

On May 19, Nepal Airlines Corporation (NAC) released the bidding tender documents for 9N-ACB (msn 23863). The auction includes the aircraft fitted with two Rolls-Royce RB211 engines, spare parts, and tools. The spare parts and tools are located at HAC hangar premises, while 9N-ACB is stored at Kathmandu's Tribhuvan International Airport. The reserve price for the B757 is USD5,710,000.

Information in the tender documents reveals that the plane has been grounded since late 2018 when Nepal Airlines retired it from service. 9N-ACB has operated 30,535 cycles and 89,462 flying hours since its 1988 build date. Engine one (serial number 30658) has completed 21,101 cycles since its 1988 manufacture, and 1,915 cycles since its last shop visit, while engine two (serial number 30606) has completed 26,841 cycles since its 1987 manufacture, and 4,521 cycles since its last shop visit.

The right wing...

Nepal Airlines set to add five aircraft for domestic ops

Nepal Airlines makes payments to provident funds

State-owned provident funds have confirmed that Nepal Airlines (RA, Kathmandu) has begun repaying loans as the carrier returns to profitability. Kathmandu's Abhiyan Daily outlet reports that officials from the Employee Provident Fund (EPF) and the Citizen Investment Fund (CIF) say the airline has started making payments on loans that date back up to a decade.

The report says Nepal Airlines has borrowed NPR22 billion Nepali rupees (USD168.4 million) from the EPF since 2013 in two tranches. The first NPR10 billion (USD76.5 million) loan taken out in 2013 was to fund the acquisition of two A320-200s. The second NPR12 billion (USD91.8 million) loan was secured in 2017 to help pay for a pair of A330-200s. Nepal Airlines also went to the CIF that year for NPR12 billion to help cover the cost of the widebody aircraft.

Contradicting a statement made by Nepal's auditor general last month, EPF spokesperson Damodar Prasad Subedi told The Abhiyan Daily that Nepal Airlines has made the last half dozen repayments on time, including paying NPR4.3 billion (USD32.9 million) recently....