Kathmandu. KATHMANDU: Nepal Airlines Corporation (NAC) has started discussions with the high officials of the Provident Fund and Citizen Investment Trust regarding the management of its long-term debt and determination of liabilities.

The corporation has started discussions to prepare a clear plan for the management of the situation of increasing the size of the loan in recent times. Breaking the long-standing lack of communication between the two sides, a team of high officials of the corporation held extensive discussions with the top officials of both the funds.

A team led by NOC Executive Director Amrit Man Shrestha had specifically raised the issue of lack of clarity on the total loan amount to be paid by the corporation and lack of consistency in the facts.

During the discussions, serious discussions were held on various issues such as making a uniform record by adjusting the reality of the outstanding amount, determining possible options for waiver or waiver of interest and readjusting the loan repayment schedule, said Executive Director Shrestha. According to him, the discussions have shown a common desire to find a practical solution by combining the real payment capacity of the corporation and the internal policies of both the funds.

Terming the current discussion as an ‘result-oriented and positive initiation’, Executive Director Shrestha described it as an important opportunity to reduce mistrust between the two creditors and creditors, to settle facts and documents and build a consensus base. The corporation plans to find a solution in the coming days by holding continuous in-depth discussions with both the agencies.