Nepal Airlines pays Rs 2.94bn principal, interest on loans in 1 year

KATHMANDU: Nepal Airlines Corporation (NAC) has paid around Rs 3 billion principal and interest in a period of one year. NAC Spokesperson Ramesh Poudel said Rs 2.94 billion of loan liability taken to purchase two narrow-body and two wide-body aircraft for international flights has been paid. [caption id="attachment_17228" align="alignnone" width="800"] FILE: The second wide-body Airbus aircraft (A330-200) of Nepal Airlines Corporation being welcomed at Tribhuvan International Airport, in Kathmandu, on Thursday, July 26, 2018. Photo: RSS[/caption] Such amount of principal and interest of the loan from June 15, 2022, to April 13, 2023, was provided to Employees Provident Fund and Citizen Investment Trust, according to NAC. The NAC provided Rs 1.35 billion to both organisations from mid-June to mid-July, 2022, Rs 739.55 million from September 17 to October 17, 2022, Rs 339 million from December 16, 2022-Januray 14, 2023 and Rs 539 million from March 15 till April 13. Poudel shared that the NAC has now become able to pay instalments of loans regularly to both organisations after NAC's income improved with the situation returning to normality after being hit hard by Covid 19 pandemic. By RSS READ ALSO:

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