NAC to submit report to govt soon

KATHMANDU, May 20: The overall asset of Nepal Airlines Corporation is evaluated at Rs 16.80 billion. The asset evaluation report submitted to the high level study committee on Thursday includes value of land, building, aircraft, equipments and machineries.



According to sources, the asset evaluation process was delayed due to internal conflict between general manager and chairman of NAC. [break]



NAC was expected to submit the asset evaluation report three months earlier. NAC´s total asset figure was approved by NAC board a few days ago.



According to Murari Bahadur Karki, joint secretary and coordinator of high level study committee at the Ministry of Tourism and Civil Aviation (MoTCA), the final report will be submitted to the government within six days.



Of the assets evaluated, land and building owned by NAC alone amounts to Rs 12 billion. According to the report, the payables or debt of NAC stands at Rs 2 billion.



The high level committee has recommended that NAC be converted into a company.



Karki informed that the recommendations would soon be considered by cabinet to decide whether to transform NAC into a company.

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