China supports Nepal Airlines aircraft purchase

Dino D'Amore
By Dino D'Amore November 29, 2013 12:15

China supports Nepal Airlines aircraft purchase

The Chinese government has agreed to provide a grant and concessional loan assistance of Rs 6,671 million for Nepal Airlines to acquire and purchase six aircraft from Avic.

Some Rs 2,943 million will be used to acquire one MA60 and one Y12E aircraft on grant and up to Rs 3,728 million will be used to purchase one MA60 and three Y12E aircraft on loan.

The concessional loan will be extended to NAC for the purchase of the aircraft. The loan is for 20 years with a grace period of seven years and the interest has been set at 1.5%.

Dino D'Amore
By Dino D'Amore November 29, 2013 12:15
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