Buddha spreads wings
Buddha Air is adding two ATR-42-320s next month to meet rising passenger volume in Nepal's domestic routes, a surge in tourism and to make-up for the rising cost of aviation fuel.
The fuel-efficient 50-seater twin turbo-props will be deployed in the high-volume Pokhara, Biratnagar, Bhadrapur, Bhairawa, Nepalganj and Dhangadi sectors. The airline will continue to use its five Beechcraft 1900Ds for mountain flights and routes with smaller airports like Simara and Bharatpur and for Mt Everest sightseeing flights. The airline hopes to sell off two of its Beechcraft 1900Cs.
The airline has already sent pilots for simulator training with the French manufacturers, Avions de Transport Regional. The deal is financed by the International Finance Corporation, the private sector arm of the World Bank.
Buddha Air's Managing Director, Birendra Basnet told Nepali Times the airline plans to upgrade to higher capacity ATR 72s in a few years.
Twenty five
Nabil Bank, the first joint venture bank in Nepal, which started with a technical service agreement with the Dubai Bank, entered its 25th year of service in Nepal on 12 July. The bank, which provides one-stop services, has 28 branches and counters all over Nepal.