Nepali airlines in a scramble as fuel costs spike, passengers vanish
Buddha Air says daily passenger numbers have plunged by 1,500, and flights cut by 25 percent.
Buddha Air says daily passenger numbers have plunged by 1,500, and flights cut by 25 percent.
Grounded for years, the aircraft continue to drain millions as efforts to sell, lease, or return them fail amid financial and diplomatic constraints.
World Bank, ADB project a sluggish expansion amid unrest, West Asia conflict, and climate shocks; tourism, remittance risks mount.
Diesel spikes over 30 percent in a month, driving up passenger and cargo tariffs and threatening growth, consumption and household budgets.
The clarification comes amid growing scrutiny of alleged irregularities in Nepal’s lucrative mountain rescue sector, particularly in the Everest region — a key hub for high-value trekking and climbing expeditions.
West Asia conflict drives record jet fuel prices, doubling ticket costs and triggering cancellations during peak tourist season.
Aviation fuel sold to domestic airlines surges by up to 97.6 percent, pushing up airfares and widening Nepal Oil Corporation losses. ATF prices for international airlines surged by 77.63 percent.
Nepal needs 250,000 tonnes of fertiliser for paddy cultivation. Around 183,000 likely to be available.
Investigations reveal a vast network of trekking firms, helicopter operators, hospitals and agents staging fake evacuations, fabricating medical records and inflating bills to siphon millions from global insurers.
Despite luxury hotels, an international airport, and growing tourism infrastructure, the majority of visitors spend under an hour at the Buddha’s birthplace.
Former civil aviation bosses, Chinese officials and others accused of embezzling Rs461.5 million through contract manipulation.
Nepal is better prepared than before as West Asia tensions push up fuel prices.
ILO warns reduced exports after November may cost jobs, mainly for women, unless Nepal boosts competitiveness.
Tree and land clearance approvals take two years each due to compensation disputes and red tape, says report.
Conflict in West Asia is disrupting global fertiliser markets and threatening Nepal’s rice inputs ahead of crucial planting season.