Nepal Airlines has issued a public notice seeking a total loan of NPR 135 billion. The airline is looking to secure funds to manage its existing debt, purchase new aircraft, and construct a hangar.
According to the notice, NPR 55 billion is required to manage current debt, NPR 75 billion for purchasing aircraft, and NPR 5 billion for hangar construction.
The airline is requesting loans from domestic and international financial institutions at lower interest rates to replace older, high-interest loans from the Employees Provident Fund and Citizens Investment Fund.
The public notice was issued on Friday, inviting proposals from national and international banks and financial institutions. Interested parties are given 45 days to submit their expressions of interest.
