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Nepal Airlines inks deal with AAR to buy two wide-body Airbus

Kathmandu, April 7

Nepal Airlines Corporation has signed a purchase agreement for two Airbus A330-200 jets with US-based AAR Corp completing the largest-ever deal in Nepal’s aviation history.

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The two jets are expected to arrive in Nepal by April and May 2018, NAC Managing Director Sugat Ratna Kansakar told Onlinekhabar.

The American company had quoted a price of $104.8 million for each of the jets. NAC officials said that the final contract price is around $209.6 million (Rs 20.9 billion).

The NAC had issued a notice inviting proposals from aircraft manufacturers, airlines, aircraft leasing companies and bankers for two Airbus A330-200 aircraft on September 26, 2016.

 

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