Mr. Sugat Ratna Kansakar, Managing Director of Nepal Airlines, has clarified about the A330 purchase deal with AAR Corp. Publishing his clarification as “Opinion” in The Himalayan Times, Mr. Kansakar says:
NAC’s financial rule does not require any bank guarantee while purchasing aircraft. NAC has not sought used aircraft only. Our RFP document clearly says that used aircraft shall also be acceptable provided that the aircraft has not flown more than 1000 hrs. This means that, of course, brand new aircraft is the most preferable offer. NAC has fully done all the needful to assess credibility of the bidder AAR. NAC management and board sent commitment fee only after making sure that AAR will deliver two brand new aircraft.