BUSINESS

Saurya Airlines, a private owned domestic carrier has resumed operations after new management has taken command of the company which had earlier fallen into economic crisis. The airline operates 2 CRJ-200 series aircraft to Biratnagar, Nepalgunj, Bhadrapur, Bhairahawa and Dhangadhi. Saurya Airlines has permission to operate 7 daily flights…

Two-wheelers continue to be a popular mode of transportation for people in Nepal with import figures surging in the fiscal year 2017-18. According to the vehicle registration statistics of Department of Transport Management for the fiscal year 2017-18, 104,444 motorcycles were registered in the Bagmati zone compared to 94,751 registered in…

Proving that concerns about lack of loanable funds squeezing their profits were just a farce, the growth of net profit of commercial banks in the previous fiscal stood at an impressive 18 per cent compared to fiscal 2016-17. Out of the 28 commercial banks in operation, 27 have published their unaudited financial statements, which reveal that…

Nepal’s domestic aviation market is set for a major shake-up as the new entrant, Shree Airlines has been given approval to add three Bombardier Q400 turboprop aircraft into its fleet, a year after it commenced service with its first CRJ 200 aircraft. The Civil Aviation Ministry on Sunday approved Shree’s proposal to add three 78-seater…

Huawei overtook Apple to become the world’s second-largest smartphone seller behind Samsung in the second quarter, the first time in seven years that any contender has managed to split the top two. On one side, Apple’s third-quarter financial results just out show that the company’s quarterly revenue hit $53.3 billion, an increase of 17%…

Low-cost carrier (LCC) Thai Lion Air made its maiden flight on Bangkok-Kathmandu sector on Wednesday, becoming the second carrier from the land of white elephants to connect Nepal. The carrier will operate three weekly flights-Mondays, Wednesdays and Fridays-from the Don Mueang International Airport, one of the two international airports in…

Nepal Airlines Corporation’s Airbus A330-200 plane ‘Annapurna’ conducted its maiden commercial flight to Doha with 99 per cent occupancy on Wednesday. As per Sailesh Kansakar, assistant spokesperson for NAC, 271 passengers were on board the 274-seater aircraft. Scheduled to take off from Tribhuvan International Airport for Hamad…

Nepal Airlines Corporation’s second wide-body aircraft landed at the Tribhuvan International Airport (TIA) on Thursday morning. The A330-200 jet with the registration mark 9N-ALZ has been named Makalu. The Airbus aircraft (A330-200) was built in Toulouse of France. It arrived here following a nine-hour flight from Toulouse carrying NAC…

Nepali entrepreneurs have been increasingly interested toward investing into hotels in Rupandehi district in view of the under-construction Gautam Buddha International Airport (GBIA) at Bhairahawa. Rupandehi is a favorite for Nepali tourism entrepreneurs because it houses Lumbini, the birthplace of the Buddha. Besides, Butwal, the capital…

Tara Air has added a new Viking DHC6-400 Twin Otter aircraft to its fleet. The Viking 400 Twin Otter aircraft arrived on Friday at Kathmandu’s airport after its ferry flight from Seychelles via the Maldives and India. The crew members on board were Captain Prabhakar Ghimire and Captain Pawan Singh Nagarkoti and for technical assistance Jagat…

A hike in excise duty has made smartphones dearer. Prices of smartphones of all brands have gone up by an average of 5 percent, mobile dealers said. Some sellers have already raised their prices while others plan to revise the rates on Tuesday, the beginning of the new fiscal year 2018-19. Authorized distributors of smartphone brands like…

Prabhu Helicopter has brought five helicopters into operation from Monday, July 9. The company had started its operation with a single helicopter from 2015. The fleet of Prabhu reached five after it procured two new helicopters this year. Previously, the company had procured a helicopter each in 2016 and 2017. Prabhu is currently…

First Smile, an exclusive shop for Chicco baby products, has opened at Labim Mall, Lalitpur. According to a statement issued on Tuesday, the store offers a wide variety of nursing, cosmetics, toys and travel products for babies. Chicco (Italian pronunciation: ) is a brand of Artsana, that's been working for over 50 years in the field of…

Incessant rain in the last few days has raised the water levels in the rivers, allowing domestic hydropower plants to boost production and help the Nepal Electricity Authority (NEA) slash power imports from India. The state-owned power utility, which was importing just over 406 MW of electricity from India during peak hours until a month…

Nepal Airlines Corporation (NAC) has decided to recruit 28 foreign pilots, citing shortage of pilots to fly its aircraft. Speaking at a press meet in Kathmandu on Tuesday, Sugat Ratna Kansakar, managing director of the national flag carrier, said it was a compulsion to hire foreign pilots until sufficient number of pilots is produced. “We…

Samsung Electronics has formally opened a new factory in India, which the South Korean tech group says is the world’s biggest mobile phone manufacturing plant, part of its plans to expand production in the world’s fastest growing major mobile phone market. The factory in Noida, on the outskirts of New Delhi, will allow Samsung to make phones…