Nepal Airlines Corporation is going to take a low interest loan of 1 trillion 35 billion rupees . According to the corporation, a loan will be taken to buy widebody and narrow body ships for international flights.

According to the report submitted by the corporation management, it was decided to submit the decision to the government at the meeting of the board of directors held on June 8 under the chairmanship of Yuvraj Adhikari, the chairman of the board of directors of the corporation, for the in-principle agreement to take the concessional loan.

Accordingly, according to the instructions received in coordination with the Ministry of Culture, Tourism and Civil Aviation, the Ministry of Finance and the National Bank, and according to the decision of the board of directors of the corporation an international letter of intent was called on Tuesday to take the loan.

Among the loans received, the corporation plans to pay the existing debt with the approval of the government of Nepal and related agencies, to purchase ships for domestic and international flights and to invest in the construction of hangars for maintenance of international ships.

The corporation hopes that the loan will not be taken once, but several times according to the needs of the corporation’s commercial investment, and after receiving the loan, the annual interest expense of about three and a half billion will be significantly reduced.

The corporation says that the letter of intent has been called with the expectation that the corporation’s profit will increase.

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