Kathmandu, June 13 -- Nepal Airlines will be issuing an auction notice for its remaining Boeing 757 on Friday as its board has approved in principle the proposal to retire the vintage jet. When the aircraft flies off into the sunset, it will mark the end of the Boeing era in Nepal that began nearly five decades ago.

The state-owned carrier also plans to auction off the Boeing's spare parts as it will now have an all-Airbus fleet. The national flag carrier said that it had set the minimum sale price at $7.8 million for the 31-year-old Boeing named Gandaki with registration number 9N-ACB and its spare parts.

The jet is valued at $5.4 million out of the total sale price, the carrier said.

The Boeing 757 joined the fleet of the then Royal ...