April 7, 2017 – Kathmandu
Nepal Airlines (NAC) has signed an agreement with AAR Corp, an aviation support company based in US, for the purchase of two brand new Airbus A330-200 aircrafts. Mr. Sugat Ratna Kansakar, Managing Director of Nepal Airlines and Mr. Deepak Sharma, president of International Supply Chain at AAR Corp signed the purchase agreement today in Kathmandu.
The $209.6-million deal (based on base price of USD for 2016) for two Airbus A330-200 aircrafts for Nepal Airlines is the largest aircraft purchase deal in the history of Nepal. NAC had already sent $1m as advance for the purchase in January. As per this agreement, NAC will have to pay 35% of the agreed price as the first payment. The two wide bodies are expected to arrive by the first half of 2018. With this, the number of jet aircrafts in NAC fleet will reach 5 from the current 3. With two wide body jets into the fold, Nepal Airlines aims to expand its destinations to South Korea, Japan, Australia and Saudi Arabia.
Earlier in September 2016, Nepal Airlines had issued a global tender inviting bids for two wide-body A330-200 jet aircrafts. AAR Corp had submitted the lowest bid of around $105 million for a brand new jet, almost half the list price of a brand new A330.