NAC plans to add another two new large body aircrafts
After 27 years NAC finally purchased its two narrow-body Airbus 320-200 jets, after borrowing rupees 10 billion from the Employees Provident Fund (EPF). According to the NAC’s business plan (2014-2024), the corporation plans to acquire four wide-body and five narrow-body jets, to establish new long-haul routes like Europe, Australia and the US, including Asia. Also, according to the NAC’s business turnaround plan, all previously adjourned routes will be reopened.
NAC Managing Director Sugat Ratna Kansakar said “The process of acquiring two more wide-body aircrafts suitable for Nepal’s terrain; options include Airbus A321, A350 and A330 from the European plane maker. The team is preparing a detailed planning and tender document that typically includes analyses of route and business model.” They expect the global bidding process may finish within three months.
NAC officials said they have two options to finance the aircrafts, the first being a lease purchase, the same financing policy adopted by the Nepal airlines while purchasing its two Boeing 757s in 1987 and 1988. The second option, according to NAC officials, is to request for a loan.