Nepal’s aviation industry has lost Rs 37 billion to the Covid-19 pandemic so far

File: A Nepal Airlines aircraft

Kathmandu, August 30

Nepal’s aviation industry has lost around Rs 37 billion due to the Covid-19 pandemic as of mid-July 2021, informs the country’s aviation regulator, the Civil Aviation Authority of Nepal.

The authority says it estimated the losses based on the earnings the industry recorded in the previous years.

Between March 2020 and July 2021, the airline companies lost Rs 25 billion and the authority, which is also mandated to operate airports across the country, lost Rs 12 billion, the authority says.

Of Rs 25 billion loss incurred to the airlines, the biggest share of Rs 7 billion belonged to the national flag carrier, Nepal Airlines Corporation. It is followed by Nepal’s second international flight operator, Himalaya Airlines that lost Rs 3 billion.

Meanwhile, domestic flight operators losts Rs 15 billion in total.

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