Nepal Airlines to be Debt-Free in Three Years: Executive Chairman Shrestha

Nepal Airlines Corporation Executive Chairman Maheshwor Bakth Shrestha has stated that he will make the corporation debt-free within the next three years.

After being appointed as the Executive Chairman, who will also be handling the duties of the Managing Director, Shrestha told the press, ‘My plan is to expand the corporation’s services to Europe, make it efficient, cost-effective, transparent, and business-like, and pay off the current debt to make it self-sufficient with its own income. I am fully committed to this.’

Challenging but Achievable

Executive Chairman Shrestha expressed his determination to make the corporation self-sufficient based on his experience, expertise, and connections, despite the challenges that come with the responsibility.

Shrestha, who has extensive experience in the aviation sector, has been given the responsibility of Executive Chairman, including the duties of the Managing Director. He had previously served as the director of the corporation’s market department, institutional department, and business promotion department before retiring as a director in 1992.

Shrestha, who studied air transport at Westminster University in London, is also the first Nepali to do so.

Appointment and Background

Culture, Tourism, and Civil Aviation Minister Khadga Raj Paudel had previously selected Shrestha and four others as board members of the corporation through an open competition. Shrestha has now been given the responsibility of Executive Chairman.