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RNAC’s receivable reduced to Rs 250m
KATHMANDU, DEC 26 - With the recovery of dues worth Rs 30.8 million from the government last week, the Royal Nepal Airlines Corporation (RNAC)’s total outstanding receivable has been reduced to less than Rs 250 million.
"The government paid the dues that it owed to RNAC last week," Mohan Khanal, Managing Director of the RNAC informed The Kathmandu Post. He further stated that the government has also directed not to issue tickets to any of its officials and offices on credit.
According to the latest statistics, the major volume of RNAC dues was accrued with the domestic travel agencies followed by Indian travel agencies, diplomatic offices, embassies, Nepali embassies abroad and several national and international institutions.
Some of the notable names in the receivable list of RNAC are the Indian Embassy, Chinese Embassy, American Embassy, British Embassy, Royal Palace, Nepal Food Corporation and United Nations Development Project (UNDP).
While the Indian Embassy is yet to pay Rs 902,852, the American Embassy owes 179,344 to the RNAC. Likewise, the British Embassy and the Chinese Embassy are yet to pay Rs 422,304 and 283,756 respectively to the national flag carrier.
In the similar manner, the Royal Palace has an overdue worth Rs 403,423. Furthermore, Nepal Food Corporation (NFC) and the UNDP owe Rs 6.03 million and 195,425 respectively.
According to a high-level government source, the RNAC had backlog dues since several years. "RNAC has an overdue with almost 100 parties, but it does not have a valid document ~ ~ to claim its backlogs from more than 80 percent of these parties," the source said.
Among the backlog, the RNAC is to collect Rs 140.2 million from domestic and Indian travel agencies and Rs 19.2 million from the diplomatic missions, and Nepali Embassies among other receivables. The London-based Royal Mail has to pay Rs 1.4 million to the RNAC.
"We are serious in realising the overdue," Khanal said, however he was quick enough to say that the realisation of majority of amount has been almost impossible. Number of travel agency, with whom the RNAC is to collect dues, have already disappeared, he added.
The Indian Embassy and some other diplomatic missions talking to The Kathmandu Post said that they were unaware about the dues. However, they were quick enough to say that they are ready to clear the dues if the RNAC approaches them with valid claims.
Sanjaya Verma, First Secretary at the Indian Embassy added, "We have some dues on tickets with the RNAC, but that does not amounts to such a large sum of 9 lakhs." However, if the RNAC produces the details of the dues, we can look into it," he said.Posted on: 2003-12-27 04:15
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