Sat, Aug 2, 2025
Money
NAC signs engine deal with IAE
NAC has signed its first order with IAE International Aero Engines AG to supply V2500-A5 SelectOne engines to power the two A320ceo aircraft it has ordered plus options for two additional
bookmark
Published at : February 14, 2014
Updated at : February 14, 2014 09:18
Kathmandu
Nepal Airlines Corporation (NAC) has signed its first order with IAE International Aero Engines AG to supply V2500-A5 SelectOne engines to power the two A320ceo aircraft it has ordered plus options for two additional aircraft. The aircraft deliveries are scheduled for 2015.
NAC Spokesperson Ram Hari Sharma said the engine agreement was signed two weeks ago.
“Given Nepal’s mountainous terrain, we chose V2500 SelectOne engines because of their long-standing reputation as both reliable and fuel-efficient power plants,” said Madan Kharel, managing director of Nepal Airlines Corporation in a statement. “These engines will help us continue providing reliable air transport to our customers.”
“We are proud that Nepal Airlines Corporation selected V2500 engines for their A320ceo aircraft,” said Dave Brantner, president, Pratt & Whitney Commercial Engines. “This is their first order for V2500 engines, and we look forward to establishing a long relationship with them.” IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. To date, more than 5,900 V2500(R) engines have been delivered to close to 200 customers around the world.
On June 18, the carrier signed an Rs 10 billion loan agreement with the Employees’ Provident Fund to buy the two aircraft it had been eyeing for a long.
On June 27, 2013 NAC had confirmed the order for two Airbus A320-200 planes by signing an aircraft purchase agreement with the European planemaker. NAC currently possesses two aging Boeing 757 planes.
At present, NAC operates to four international destinations.
Most Read from Money
Wrong speed, unsafe cargo and lax safety caused Saurya crash
US-Bangla ordered to pay full damages for 2018 fatal crash
Nepal shifts gears as EVs hit 73 percent of 4-wheeler imports
India’s new rule, aimed at China, stalls Nepal’s steel exports
Chure belt turns into tourist hotspot amid conservation concerns
Editor's Picks
E-PAPER | August 02, 2025
×