Nepal Airlines Corporation (NAC) has received seven applications for its Boeing 757 aircraft, which the corporation has put up for auction.

Two foreign companies and five domestic companies and individuals have submitted applications at NAC to purchase the NAC Boeing, according to Rabindra Shrestha, spokesperson for the corporation.

Manufactured in September 1987, NAC had decided to sell the B-757 instead of bringing it back into operation after maintenance citing that it is not feasible for the corporation to operate old aircraft as it requires frequent maintenance.

NAC has kept the minimum auction price for the B-757 aircraft at $1.71 million.

"Operated for the last 29 years, the B-757 has flown for 86,410 hours. With the B-757 remaining grounded, NAC has three aircraft — two brand new Airbus planes and one 28-year-old Boeing — in its international fleet that are covering eight international destinations," reports The Himalayan Times Daily.

NAC officials informed that international companies, one each from United States and Israel, have submitted their bids for B-757. Similarly, Himalayan Aviation Consultant, BB Airways, TBI Group of Nepal and two Nepali individuals have shown interest to purchase the aircraft, as per NAC officials.

“A special team of NAC will start the evaluation process of all these applications from Sunday. The final results will be announced very soon,” added Shrestha.