Kathmandu, November 9
The outstanding loan taken by Nepal Airlines Corporation (NAC) to purchase four aircraft has increased from Rs 34 billion to Rs 55.92 billion.
The corporation had borrowed the money from the Employees Provident Fund (EPF) and the Citizens Investment Trust (CIT), with the government standing as guarantor, to purchase two wide-body and two narrow-body aircraft.
According to data from the Financial Comptroller General Office, the initial principal amount guaranteed for the aircraft purchases was Rs 34 billion. The outstanding liability has now reached Rs 55.92 billion.
The EPF provided Rs 12 billion for the purchase of the wide-body aircraft, while the CIT extended another Rs 12 billion for the same purpose. Earlier, the EPF had also lent Rs 10 billion to NAC to purchase narrow-body aircraft.
By the end of the last fiscal year 2025/26, the outstanding principal had increased to Rs 44.68 billion, while the accumulated interest stood at Rs 11.24 billion.
This brings the corporation’s total outstanding debt for the four aircraft to Rs 55.92 billion.
