Nepal Airlines Corporation (NAC) has yet to clear roughly Rs 1 billion—about 52 percent—of the Rs 2.10 billion owed to Israel Aerospace Industries (IAI) for engine repairs and leased engines. On Monday, General Manager Amrit Man Shrestha paid Rs 303.6 million, bringing total payments to around Rs 1.3 billion. The overdue bill covers two overhauled engines and one leased engine. IAI has warned of canceling the lease and seeking legal action internationally if payments are not completed promptly.
