NAC fails to auction off 31-year-old Boeing yet again

File: A Boeing aircraft of Nepal Airlines Corporation

Kathmandu, September 2

The auction of Nepal Airlines’ Boeing 757 aircraft has failed yet again as the corporation rejects two bids it received.

The NAC had disqualified one bid as it did not mention the name of the bidding company.

Similarly, the valuation committee rejected the second bid, from an Israeli Company named ABN, as it was substantially below the NAC’s valuation of its aircraft. Both bids also did not meet some mandatory requirements set by the national flag carrier corporation.

Earlier, the corporation’s attempt to auction off the 31-year-old aircraft had failed as no one filed any bid in the 45 days’ time. Following that, the corporation had issued another call for the bids, by giving 15 days.

In its notice, the corporation had said it would auction off the aircraft for the maximum price it would receive. USD 7.67 million was fixed as the minimum price.

The aeroplane is currently grounded at the Tribhuvan International Airport since December last year.


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