$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '13652',
'hit' => '1700'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20210709080354_20180727021334_2.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '13652',
'hit' => '1700'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20210709080354_20180727021334_2.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '13652',
'hit' => '1700'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20210709080354_20180727021334_2.jpg'
$user = null
$groupId = null
include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '13652',
'hit' => '1700'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20210709080354_20180727021334_2.jpg'
$user = null
$groupId = null
$user_id = null
$date = '2021-07-09 08:03:17'
$dateFromDatabase = (int) 1625797097
$newDate = 'Jul 09, 2021'
$articleView = array(
'article_id' => '13652',
'hit' => '1700'
)
$word_count = (int) 721
$time_to_read = (float) 3.61
$time_to_read_min = (float) 3
$time_to_read_second = (float) 37
include - APP/View/Articles/view.ctp, line 241
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal.
In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.
The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.
Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act.
Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.
“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”
GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.
The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit.
Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.
The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.
The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns.
While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '13652',
'hit' => '1700'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '13652',
'hit' => '1700'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '13652',
'hit' => '1700'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '13652',
'article_category_id' => '1',
'title' => 'Dispute Arises over Restructuring of Nepal Airlines ',
'sub_title' => '',
'summary' => 'July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">July 9: The issue of restructuring the state-owned Nepal Airlines Corporation (NAC) has courted controversy yet again. Employees of the corporation have started protest against the proposal to privatize the flag carrier of Nepal. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">In a press release issued on July 7, General Manager Dim Prasad Poudel said that the NAC should be fully owned by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Ministry of Culture, Tourism, and Civil Aviation has claimed that the NAC will be converted into a company with 100 percent investment of the government. The ministry also assured that NAC will not be privatized.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Sources close to the ministry claim that there is no alternative than to restructure the NAC into a company to save the cash-strapped corporation. Nepal Airlines Corporation was formed as per the Airlines Act. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Investment from external sources can be accepted by restructuring the existing corporation into a company if any good international company is willing to cooperate.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">“The current structure of NAC does not allow foreign investment. Therefore, preparations are underway to restructure it,” said GM Poudel, adding, “Right now, we can bring expert team from abroad but we are not allowed to accept foreign investment. So, there is no point in protesting at the moment.”</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">GM Poudel claimed that they were only making an attempt to reform the institution by discouraging the trend of recruiting staff on contract basis.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has not renewed the contracts of 300 employees during the lockdown. An official said that the financial condition of the corporation is very fragile and it is being restructured to revive the NAC. Right now, the NAC has a loan of Rs 47 billion. The official said that an agreement has been reached to convert NAC into a public company for long-term benefit. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Stating that Nepal's private sector does not have the capacity to raise such a huge amount to operate NAC, the officials claimed that NAC’s privatization will not happen under any circumstances.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The official said that the corporation needs to compete with international airlines. It has to find a long-term solution as it needs to add more aircraft.</span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government is planning to sell 51 percent stakes of the company to founder shareholders and 49 percent to private companies, former and current employees, and foreign airlines companies, if no single individual or company comes in to take full ownership. However, the employees of NAC claim that the government is trying to privatize the company. The agitating workers said that the draft of the proposal was rejected and they would continue protest until the current General Manager Dim Prasad Poudel resigns. </span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While purchasing the Airbus aircraft, the corporation took loans from the Employees Provident Fund and Citizens Investment Fund. NAC procured two widebody Airbus aircraft with loans from these two organizations on a government guarantee.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2021-07-09',
'modified' => '2021-07-09',
'keywords' => '',
'description' => '',
'sortorder' => '13397',
'image' => '20210709080354_20180727021334_2.jpg',
'article_date' => '2021-07-09 08:03:17',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '13652',
'hit' => '1700'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
