Nepal Airlines Corporation (NAC) has made a loan installment payment for aircraft purchased for international operations. The payment relates to loans taken to acquire two narrow-body and two wide-body aircraft.
According to NAC Spokesperson Subash Dangi, the corporation paid Rs 530.9 million on April 13. This payment fully covered the installment for the two narrow-body aircraft and partially covered the installment for the wide-body aircraft.
The loans were secured from the Employees Provident Fund and the Citizen Investment Trust. As of mid-April 2025, NAC has paid a total of Rs 7.40 billion in loan installments.
In light of financial challenges brought on by the COVID-19 pandemic, NAC has formally requested both lending institutions to waive interest, compound interest, penalties, and fines accumulated during the affected period. Additionally, the airline has asked for an extension in the number of installments to make repayments more manageable.
According to the corporation, discussions with both the Employees Provident Fund and the Citizen Investment Trust are currently ongoing.
