The Civil Aviation Authority of Nepal (CAAN) said in its report for the 2020-21 fiscal year ending in mid-July that it suffered around 12 billion NPR in potential profits, details Xinhua news agency.
- Nepal’s aviation entities lost around 37 billion NPR ($313 million) in potential earnings due to flight restrictions required in the wake of the Covid-19 pandemic, according to a yearly report.
Aviation Authority
The Civil Aviation Authority of Nepal (CAAN) said in its statement for the 2020-21 fiscal year ending in mid-July that it lost almost 12 billion NPR in potential earnings, reports Xinhua news agency.
Airlines as a whole lost about 25 billion NPR due to flight limitations enforced after the first and second waves of the pandemic that hit the country in early 2020 and this April, the report said.
Himalaya Airlines
- According to the report, Nepal Airlines lost around 7 billion NPR, and the Himalaya Airlines, a China-Nepal joint venture, lost around 3 billion NPR in potential earnings.
Nepal’s other airlines involved in domestic flights lost around 15 billion NPR.
The South Asian country first refused international flights on March 22 last year and later a lockdown required from March 24 to July 21 halted domestic flights as well.
Domestic and international flights resumed on September 1 last year, but the ban was reinstated after the coronavirus battered the country repeat in early April this year.
- The government suspended regular domestic flights from May 3 and international flights from May 6 and provided limited international and domestic flights from June 1 and July 1, respectively, after the pandemic eased to some extent.
Raj Kumar Chhetri
Raj Kumar Chhetri, CAAN’s spokesman, told Xinhua on Monday that the suspension of domestic and international flights has resulted in heavy losses to both the regulator and the airlines.
“For example, our regular salary has come down to 200 million NPR to 300 million NPR in recent days from 800 million NPR to 900 million NPR in normal times before the pandemic first hit the country,” said Chhetri.
Nepal’s aviation entities spent almost 37 billion NPR ($313 million) in potential earnings due to flight restrictions imposed in the wake of the Covid-19 pandemic, according to a yearly report.
- The Civil Aviation Authority of Nepal (CAAN) said in its report for the 2020-21 fiscal year ending in mid-July that it lost around 12 billion NPR in potential earnings, reports Xinhua news agency.
Nepal Airlines
- Airlines as a whole lost about 25 billion NPR due to flight restrictions enforced after the first and second waves of the pandemic that hit the country in early 2020 and this April, the report said.
According to the report, Nepal Airlines lost around 7 billion NPR, and the Himalaya Airlines, a China-Nepal joint venture, lost around 3 billion NPR in potential earnings.
Nepal’s other airlines involved in domestic flights lost around 15 billion NPR.
The South Asian country first suspended international flights on March 22 last year and later a lockdown imposed from March 24 to July 21 halted domestic flights as well.
Domestic and international flights continued on September 1 last year, but the limitation was reinstated after the coronavirus hit the country again in early April this year.
International and domestic flights
- The government suspended regular domestic flights from May 3 and international flights from May 6, and allowed limited international and domestic flights from June 1 and July 1, respectively, after the pandemic eased to some extent.
Raj Kumar Chhetri, CAAN’s spokesman, told Xinhua on Monday that the suspension of domestic and international flights has resulted in heavy losses to both the regulator and the airlines.
“For example, our monthly income has come down to 200 million NPR to 300 million NPR in recent days from 800 million NPR to 900 million NPR in normal times before the pandemic first hit the country,” said Chhetri.
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