Nepal, Jan. 25 -- Nepal Airlines Corporation (NAC) has initiated the search for new loans with subsidized interest rates to acquire new aircraft and settle the debt of the currently operational fleet. In a public announcement, the national flag carrier requested a loan amount of Rs 135 billion from both domestic and foreign institutions. The allocation includes Rs 55 billion to repay the existing debt on the current aircraft, Rs 75 billion for the acquisition of new aircraft, and Rs 5 billion for constructing its hangar. NAC aims to secure loans at more favorable rates from domestic and foreign organizations, intending to repay loans obtained from the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT). The outstanding debt ...