The recently conducted due diligence audit (DDA) of the national flag carrier has revealed that Nepal Airlines Corporation has total assets worth Rs 54.17 billion, while it still has debt of Rs 45.94 billion. This was the first ever DDA of the corporation conducted by the Ministry of Culture, Tourism and Civil Aviation.

Tourism Minister Yogesh Bhattarai revealed the aforementioned data during a virtual press meet conducted today to publish the annual progress report of MoCTCA for fiscal year 2019-20.

Of the total debt, around Rs 40 billion is the money borrowed by NAC for the purchase of the two wide-body aircraft and two narrow-body aircraft. Meanwhile, the remaining debt includes overdraft loan and money acquired for the Chinese aircraft, among other miscellaneous loans, said Sushil Ghimire, executive chairperson of NAC.
 
According to him, NAC has been paying the loan instalments of the wide-body and narrow-body aircraft.

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