Nepal aviation industry lost Rs 17.5 billion to Covid-19 crisis: Authority

File: A wide-body aircraft of Nepal Airlines Corporation (NAC)
File: A widebody aircraft of Nepal Airlines Corporation (NAC)

Kathmandu, December 31

The Civil Aviation Authority of Nepal says the country’s aviation industry lost over Rs 17.5 billion due to the Covid-19 crisis between March and November 2020.

In its report launched on Thursday, the authority says the national flag carrier, Nepal Airlines Corporation, has borne the biggest loss. The company lost Rs 5 billion from its regular income in the past months, the authority informs.

Likewise, Himalaya Airlines, another Nepali company conducting international flights, incurred the loss of Rs 2 billion.

Other private companies active in the domestic flight service lost Rs 10.62 billion.

Although regular flights have resumed around three months ago, the income level of the airlines has not reached the regular average for the want of foreign tourists, according to the authority.

Meanwhile, the authority also could not meet its revenue target in the period. CAAN Director-General Rajan Pokhrel says it had targeted to earn Rs 8.33 billion in the last fiscal year that ended in mid-July, but it only got Rs 2.63 billion.

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