Money

Nepal Airlines seals deal to buy two Airbus A330 jets for $209.6m

- Post Report, Kathmandu

Apr 7, 2017-

Nepal Airlines Corporation (NAC) has signed a $209.6 million deal to purchase two Airbus A330-200 long-range jets from US-based AAR Corp on Friday, marking the largest-ever jet purchase deal in Nepal’s aviation history.

The A330-200 can accommodate up to 280 passengers in a two-class layout. The agreement was signed between NAC Managing Director Sugat Ratna Kansakar and Deepak Sharma, president of International Supply Chain at AAR Corp.

The final sales and purchases agreement has also translated the national flag carrier’s two-decade-old dream of flying wide-body jets into reality.

NAC has been attempting to fly the A330 since 1997. The two jets are expected to arrive in Nepal by the second quarter of 2018. The national flag carrier has already transferred $1 million as ‘commitment fee’ to AAR Corp.

 

Published: 07-04-2017 18:15

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