Nepal Airlines seeks to send back rusting Chinese planes
Five grounded aircraft cost NAC Rs200 million a year on insurance and parking fees.
Five grounded aircraft cost NAC Rs200 million a year on insurance and parking fees.
Over 120 individuals have secured permits as of Tuesday, and operators expect the number to top 500 this spring.
The World Bank has warned that Nepal’s placement on the FATF Grey List could harm its international transactions and financial reputation.
On Monday, Himalaya Airlines’ 144-seater Airbus A319 landed in Pokhara from Lhasa with 107 passengers.
At an average annual 4 percent growth, impact will only be on paper even if Nepal graduates from LDCs: Expert
New research estimates crop cultivation would cost $3,177 but earn $10,450 per hectare, for a net profit of $7,273.
The $215.96 million Pokhara International Airport, funded by Beijing, has yet to see a commercial flight operation since its inauguration on January 1, 2023.
The country is trapped in a dangerous cycle of wildfires and rising temperatures, warns a new research.
The provision has helped keep domestic flight operators afloat. The system’s removal could lead to a loss of $75 million a year in foreign exchange.
In July 2020, the Nepal Airlines board unanimously decided to stop flying the Chinese planes as their operating costs exceeded their revenue.
Double-digit slumps in arrivals from India and China, Nepal’s key source markets, has industry worried.
Nepal’s airlines carried 4.47 million passengers last year. Spike happened after rains shut highways in September.
The number reached a record 4.96 million in 2024, driven by tourism, migration, and student travel.
The revised estimate is Rs1.69 trillion. Only 35.89 percent, or Rs667.6 billion, spent in the first six months.
Revised rules also hike daily wages for liaison officers, high-altitude guides, other workers.