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

Latest from -Top News

GAZA KILLINGS: War Crime?

Mobile Phone Footage Casts Doubt on Israeli Account of Ambulance Attack in Gaza Newly surfaced mobile phone footage has raised serious questions about the Israeli military’s justification for opening fire on a

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that

Uganda, South Sudanese leaders hold talks

Museveni, who is among the guarantors of a 2018 peace agreement that ended a five-year civil war, held closed-door discussions with President Salva Kiir Uganda’s President Yoweri Museveni was expected to meet

Protests across US against Trump

The largest event was at the National Mall in DC, where demonstrators numbered in the tens of thousands People across the US took to the streets on Saturday to oppose what left-leaning

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that
Go toTop

Don't Miss

Nepal Calls For Bid to Auction Defunct Chinese Aircraft

Though the planes are out of service due to high-cost

India Leads FDI Surge in Nepal

Nepal has received foreign investment from 57 different countries, with