Thursday, April 4, 2013

Finance Ministry gives guarantee to NAC to buy Airbus

The Finance Ministry has finally agreed to give a guarantee for the national flag carrier to purchase aircraft from Airbus.
"Writing a letter yesterday to NAC, the Finance Ministry has asked it to go ahead with the purchase process of aircraft from Airbus, as the government is ready to give a guarantee," according to the corporation.
However, the ailing Nepal Airlines Corporation (NAC) also needs to make structural changes besides adding new aircraft to perform well as it has to compete with international airlines that have strong financial and structural foundations.
Earlier, on March 16, Airbus representatives and NAC had agreed to continue with talks as Airbus has also agreed to send a new price list based on the increased factory price of the aircraft soon.

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