NAC endorses ambitious 10-year plan with target to earn profits after 3 years

Nepal Airlines Corporation (NAC) head office
Nepal Airlines Corporation (NAC) head office

Kathmandu, December 10

The national flag carrier, Nepal Airlines Corporation, has endorsed an ambitious 10-year plan for its business development.

In the plan, the corporation has targeted beginning to earn profits after the next three years. The government-run company is in a heavy loss for the past few decades as it failed to compete with private players.

A meeting of the corporation’s board of directors endorsed the business plan for the decade 2021-2030 on Tuesday.

Achyut Pahadi, a board member, says the corporation will ask the government to extend its support for the initial three years, assuring the investment would return gradually from the fourth year. The board has concluded that it cannot attract foreign investment anytime soon.

Meanwhile, the corporation has planned to add 12 new aircraft–six for domestic and six for international services–in the next 10 years.

The corporation has planned flying to newer international destinations such as major cities in China, South Korea, Saudi Arabia, Indonesia, Australia, London, and Germany by 2030.

It has been hoped that the corporation would get the responsibility of managing ground handling services in two under-construction international airports in Bhairahawa and Pokhara that would give additional profits to it.

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