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NAC’s first wide body A330 lands at TIA

Gorkha Post

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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

Business community demands slash in interest rate

Pratigya Waiju

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BIRATNAGAR— The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the bank and financial institutions (BFIs) from the borrowers.

They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms.

At a programme jointly organised by Industry Association Morang and Trade Association Morang on Thursday, the business leaders drew attention of the government to that end adding that job creation for the labour force of 500,000 was not likely only from the industry and trade sectors.

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Stressing the need for slashing the interest rate, they also argued the central bank should realise the reality that no bank was running out of loss. The industrialists and businesspersons said that industries and business should flourish to reduce the trade deficit, strengthen the economy and create more job opportunities.

Industrialists Bhim Ghimire, Pawan Kumar Sharda, Sushen Pyakurel, Moti Dugad and others said that bank’s interest rate should be low to increase the domestic investment and lure the foreign investment.

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