Towards bankruptcy

Towards bankruptcy

It seems that the downfall of Nepal Airlines Corporation (NAC) is not too far considering its past and current operational and management performance. NAC formerly known as Royal Nepal Airlines country Corporation (RNAC) is the flag carrier of Nepal. Founded in 1958, it is the oldest airline of the country. However, its management always remained to be controversial due to direct or indirect interventions of the past and present governments. It used to be and has been made a milking cow by both the political leaders, ministers and bureaucrats. Its management always found to be involved in corruption scandals.

Soon after it acquired six Chinese aircraft six years ago, NAC has been incurring a huge loss. The current loss has reached nearly Rs. 2 billion, mostly in insurance and operational costs. If the NAC management does not come up with a realistic plan and program in near future to handle its debt, the future of NAC is in limbo. What a shame?

Nepal Airlines decides to ground Chinese aircraft for good to cut losses

https://tkpo.st/30cIHkC

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