/Nepal Airlines in the process of selling its last vintage Boeing
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Nepal Airlines in the process of selling its last vintage Boeing

Nepal Airlines Corporation (NAC) is finally saying goodbye to its vintage Boeing  757 named Gandaki after two previous unsuccessful attempts of selling it. The Boeing is in the process of being sold to a US company, CSDS Aircraft Sales and Leasing Inc at a price of $5.71 million, 35 percent more than the price fixed by NAC at $4.25 million. The company has already made a payment of $281,000 to NAC and the corporation is expecting to sign a sales agreement with the buyer within January.

Nepal Airlines had almost halved the price of its last remaining Boeing and invited direct negotiations to sell it before its airworthiness expires in February after failing to sell the Boeing through the first two auctions. In the first two auction notices the minimum sale price of the Boeing was fixed at $7.8 million.

NAC operated its Boeing 9N-ACB for more than 3 decades before finally deciding to sell it due to technical problems and lack of spare parts for the aircraft.