November 21, 2022
1 min read

Nepal Airlines to sell off troublesome Chinese planes

The Nepali daily said state-owned airlines have been eager to get rid of the non-flying planes, but bureaucratic hassles forced it to hold on to them even as losses mounted….reports Asian Lite News

State-owned Nepal Airlines has made a decision to sell Chinese planes and spare parts, which are plagued by breakdowns and a lack of pilots.

Right after they arrived, the three 17-seater and two 56-seater aircraft had turned into “the most expensive white elephants in the carrier’s history, The Kathmandu Post reported citing officials.

The five condemned planes are parked at the remote parking bay on the eastern side of Tribhuvan International Airport in Kathmandu, the report said.

The Nepali daily said state-owned airlines have been eager to get rid of the non-flying planes, but bureaucratic hassles forced it to hold on to them even as losses mounted.

Back in September, Nepal Airlines put the Chinese planes up for lease with October 31 deadline for bidders. After there were no bids, the deadline was extended until November 16.

Nepal Airlines spokesperson Archana Khadka said they didn’t get a single bid during the extended time either. “Now the management has decided to sell them off.”

Khadka said they would issue a notice to appoint an international assessor to determine a fair market value of the planes, after Sunday’s general elections.

“It may take two to three weeks to appoint the assessor. Based on the assessor’s report, we will float a global tender to sell the planes,” Khadka was quoted as saying by The Kathmandu Post.

He added that it would take at least two months to complete the process.

After the signing of the agreement in 2012 under the grant and concessional loan aid with the Chinese side, Nepal received the first batch of planes in 2014.

However, the delivery of the rest of the Chinese aircraft was stalled for years. (ANI)

ALSO READ: Lower turnout in Nepal general elections

Previous Story

Cultural shows replace sound of bullets in Kashmir

Next Story

IFFI off to a dazzling start in Goa

Previous Story

Cultural shows replace sound of bullets in Kashmir

Next Story

IFFI off to a dazzling start in Goa

Latest from -Top News

India, Thailand Seek Stronger Trade

India and Thailand have discussed strengthening trade and investment ties, with tariff barriers and balanced trade among key areas of focus…reports Asian Lite News Desk India and Thailand have discussed ways to

India, New Zealand FTA Nears Takeoff

India and New Zealand are expected to bring their free trade agreement into force within a month after Wellington’s Parliament approved the pact…report Asian Lite News Desk The India-New Zealand Free Trade

US Targets South African Officials

US visa restrictions on South African officials deepen tensions over race, land reform and Afrikaner rights, as Pretoria rejects Washington’s allegations and defends sovereignty, reports Africa Daily News Desk The United States

Africa’s China Trade Test

China’s tariff-free access opens a vast market for Africa, but governments face pressure to move beyond raw commodities and build higher-value industries, reports Africa Daily News Desk China’s decision to remove tariffs

Jaishankar Meets Bhutan King

India’s EAM S Jaishankar meets Bhutan’s King and PM, reinforcing bilateral ties and cooperation in sustainable transport, reports Asian Lite News Desk. India’s External Affairs Minister S Jaishankar met Bhutan’s King Jigme
Go toTop

Don't Miss

Deuba’s India visit cancelled over Covid surge

Deuba was scheduled to fly to India on Sunday to

320 Indians Uncontactable as Nepal Flood Rescue Continues

Indian missions in Kathmandu and Beijing coordinate round-the-clock rescue and