Khatiwada reveals turnaround plan for debt-ridden Nepal Airlines
Kathmandu, June 26 -- Finance Minister Yuba Raj Khatiwada informed Parliament on Tuesday that the government had a turnaround plan for debt-ridden Nepal Airlines Corporation that includes capital restructuring and inducting a strategic partner.
Responding to questions from parliamentarians in the House of Representatives on behalf of Prime Minister KP Sharma Oli, who also holds the tourism portfolio, Khatiwada said, "We are worried about the future of Nepal Airlines. The corporation's worrisome legacy is long, and it did not start with the present government. But we cannot evade our responsibility."
Khatiwada said that the government had rescheduled the interest payment deadline for its loans taken from state-owned financial institution...
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