By Sangam Prasain in The Kathmandu Post, Oct 09, 2023Nepal Airlines is planning to sell off its Chinese planes that have been like an albatross around its neck for what an insider said is junkyard price. Acquired between 2014 and 2018, the six aircraft were worth Rs6.66 billion in grants and loans. One of the planes has since crashed. The national flag carrier is asking Rs220 million for the remaining five aircraft in an apparent…
Posts tagged as “Neapl”
By Sangam Prasain & Prithvi Man Shrestha in The Kathmandu Post, May 30, 2023Nepal’s economy has run into money problems for the first time in nearly six decades, and the coalition government is struggling to fix them. The country was officially in a recession until the second quarter of the current fiscal year, with the annual economic growth rate projected to slow down to 1.86 percent as a result. This adds to the existing pressure…
report in Prothom Alo, Jan 6, 2023State minister for power, energy and mineral resources Nasrul Hamid has sought “visible Indian cooperation” for importing hydropower from Nepal and Bhutan, reports UNB. He joined a bilateral meeting on electricity cooperation between Bangladesh and India in New Delhi on Wednesday. At the meeting, Nasrul headed the Bangladesh delegation and Power, New and Renewable Energy minister Raj Kumar Singh led the Indian side, the power division said in a…
report in The Kathmandu Post, Dec 22, 2022The Supreme Court has issued a short-term interim order against the Nepal Army’s invitation to award the contract of the sixth package of the Kathmandu-Nijgadh Fast Track project to a Chinese company—China First Highway Engineering Company Limited. After hearing the writ petition registered by advocate Rojan Khadka on behalf of an Indian company—Afcons Infrastructure Limited, a single bench of justice Tanka Bahadur Moktan issued the interim order valid…