Nepal Airlines seeking stake sale to Gulf carrier

Juliette O'Neill
By Juliette O'Neill August 23, 2016 16:59

Nepal Airlines seeking stake sale to Gulf carrier

Nepal Airlines has confirmed it has held informal stake sale talks with an unamed Middle East airline. The Nepalese carrier has been instructed to find a strategic partner by the Nepalese government in order to speed up its expansion programme.

The expectation is for Nepal’s government could sell as much as 51% of the airline to Nepalese or foreign investors, while retaining minority ownership.

Juliette O'Neill
By Juliette O'Neill August 23, 2016 16:59