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NAC’s first wide body A330 lands at TIA

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KATHMANDU — Nepal Airlines Corporation (NAC)’s first wide body jet aircraft, the Airbus A330-200 has touched down at Tribhuvan International Airport (TIA) at 8: 15 AM on Thursday.

The new aircraft, powered by Rolls-Royce Trent 700 engines, features a two-class cabin configuration and seats a total of 274 passengers—18 in business class and 256 in economy class.

NAC has named the aircraft after Annapurna, the world’s 10th highest peak in the world. The arrival of the A330-200 jet will put the national flag carrier in the company of long-haul airlines.

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The national flag carrier paid US$4,800,000 for the aircraft. Annapurna will commence commercial operations within a month, NAC has stated.

NAC ordered two 274-seater jets through Portuguese leasing company Hi Fly. The second jet is expected to arrive by July-end.

The NAC board, on Oct 26, 2009, had decided to purchase two aircraft from Airbus-an A320-200 (narrow body) and an A330-200 (wide body) to expand its international fleet.

“After 10 years, the A330 jets will finally arrive,” NAC Managing Director Sugat Ratna Kansakar wrote on his Facebook page.

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Economy

NEPSE stabilises

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KATHMANDU- The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip.

The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group ‘A’ stocks has also risen 0.06 points.

Over 2 million shares of a total of 156 companies were traded at more than Rs 637 million. Of the total 11 subgroups, four made gains, and the rest seven declined.

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Development bank surged 4.7 points, while non-life insurance 92.1 points, life-insurance 13.57 points and others 0.43 points.

But, banking dipped 0.27 points, while trade 1.18 points, hotel 2.04 points, hydropower 2.17 points, finance 1.82 points, production 9.21 points and microfinance 8.31 points.

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