The Chase Air Scandal: How a Fake US Leasing Firm Defrauded Nepal’s National Airline
Aviation News – In late 1998, Royal Nepal Airlines Corporation (RNAC, now Nepal Airlines) urgently needed a Boeing 757 to meet peak tourist-season demand after returning a leased aircraft. Officials signed a lease agreement with Chase Air, a purported American company, and wired an advance payment of $783,750. The aircraft never arrived, and the funds…
