Friday, May 22, 2009

Airbus, Boeing bid for Nepal Airlines Corporation's deal

Airbus, Boeing bid for Nepal Airlines Corporation's deal  2009-05-22 15:25:05   Print

    KATHMANDU, May 22 (Xinhua) -- In response to Nepal Airlines Corporation (NAC)'s purchase plan of two jet aircrafts, five bids were received as the deadline expired, local media reported on Friday.

    "We had expected only Airbus and Boeing companies to bid because our call was only for manufacturers but three other companies have also offered bid," said Raju K. C., spokesman of NAC. "I do not know whether the other three bids will be valid."

    The other companies include Ilyoshin Finance Corporation of Russia, Commercial Aircraft Sales Leasing and Consulting Company of the U. S. and Kathmandu-based Aero Express Aviation.

    According to, the bids will be opened on Friday and then it will be evaluated by a 14-member committee headed by Deputy Managing Director of NAC Ganesh Thakur.

    The other members from within NAC include pilots, engineers and representatives from its finance, marketing and corporate departments.

    "Although a time frame to evaluate the bids has not been fixed we will probably take between 10 to 14 days," Thakur said.

    NAC has kept open the two options of buying two narrow body aircraft and one narrow body and one wide body aircraft. A narrow body aircraft has about 150 seats and NAC expects it to cost about60 million U.S. dollars and wide body aircraft has between 240 and 310 seats and the cost is expected to be between 125-150 million dollars.

    NAC is at present negotiating about 133 million dollars loan from Employees Provident Fund and more could be negotiated from other Nepali banks if required, officials said.

    The Nepal government is not investing any money in the state-owned airline but will be the guarantor of the loan.

    NAC at present owns two Boeing 757 aircraft and both of them are more than 20 years old. The airlines has never owned an Airbus but has leased one for two years in the 1990s.


1 comment:

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