Nepal Airlines Corporation (NAC), trading as Nepal Airlines (RA, Kathmandu), is again seeking to borrow USD1.018 billion to service existing loans, acquire new aircraft, and build a hangar, according to an expressions of interest (EOI) notice the state-owned airline filed on September 13.

Subject to approval from the Nepalese government and other authorities, NAC says it will use USD415 million to service or retire existing loans, USD565 million to acquire an unspecified number of new aircraft, and USD38 million for the hangar…

Source: ch aviation
Read more: Nepal Airlines reissues bn funding EOI notice