In a surprising twist, Nepal Airlines Corporation is knocking on international doors, asking for a whopping 1.01 billion (Rs135 billion) to bail itself out. This move, unbeknownst to the government, is the largest loan request ever made by a Nepali company abroad.<\/p>\n
The airline’s plea, a mix of Rs55 billion (5 million) for existing loans, Rs75 billion (5 million) for new planes, and Rs5 billion ( million) for a hangar, aims to ease its financial burden. They’re looking at a 25-year repayment plan with a standard fixed interest rate.<\/p>\n
While the government seems caught off guard, the airline insists this is the boost they need to revamp their fleet and ditch high-interest domestic loans. However, given the airline’s history of mismanagement and scandals, skeptics are questioning the ambitious move.<\/p>\n
With a proposal deadline set for March 7, Nepal Airlines remains optimistic that this international financial injection will be the game-changer they desperately need.<\/p>\n","protected":false},"excerpt":{"rendered":"
In a surprising twist, Nepal Airlines Corporation is knocking on international doors, asking for a whopping 1.01 billion (Rs135 billion) to bail itself out. This move, unbeknownst to the government, is the largest loan request ever made by a Nepali company abroad. The airline’s plea, a mix of Rs55 billion (5 million) for existing loans, […]<\/p>\n","protected":false},"author":2,"featured_media":221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"1","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"no-crop","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"1","view_counter_number":"3478","override_share_counter":"1","share_counter_number":"10","override_like_counter":"1","like_counter_number":"328","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]},"footnotes":""},"categories":[41,13],"tags":[],"class_list":["post-220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial","category-national"],"_links":{"self":[{"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=\/wp\/v2\/posts\/220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=220"}],"version-history":[{"count":3,"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=\/wp\/v2\/posts\/220\/revisions"}],"predecessor-version":[{"id":224,"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=\/wp\/v2\/posts\/220\/revisions\/224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=\/wp\/v2\/media\/221"}],"wp:attachment":[{"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nepalinewshub.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}