Weather Rescuing RNAC
FROM
ISSUE #112 (20 SEPT 2002 - 26 SEPT 2002)
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Another report on what should be done with Royal Nepal Airlines Corporation (RNAC) has been completed, and it repeats what has been said all along-the private sector is good at running airlines, so bring it in to manage the ailing flag carrier. The plan is to break the corporation down into two doing domestic and international operations and bring in private partners to run the foreign operations. The RNAC has already formed a committee to prepare an action plan to get the process started. The report says that RNAC's liabilities now stand at Rs 2.04 billion. The airline flies two Boeing 747s and about half a dozen two-engine Twin Otters.
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