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Plane lands at Balewa Airport first time in 16 years

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PARBAT — An aircraft of the Tara Air landed at Balewa Airport for the first time in 16 years.

The private airline conducted the test flight from Pokhara with a Twin Otter aircraft having the call sign 9NKL.

The airline is preparing to operate regular flights from Pokhara to Balewa from coming March 23. The company said there seemed no problem in the airport to operate the regular flight.

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The twin otter with three crew members– pilot Santosh Shah, co-pilot Prabhat Ghimire and air hostess Sirjana Humagain –made its landing at the airport which was shut owing to lack of passengers.

The Baglung Municipality has agreed to bear the loss if the airline company failed to find passengers for regular flights.

Earlier, the Municipality promised to compensate if the loss in the operation of regular flights and, following the Municipality’s announcement, various airlines companies became ready to operate their services to Balewa.

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Economy

NEPSE stabilises

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KATHMANDU- The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip.

The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group ‘A’ stocks has also risen 0.06 points.

Over 2 million shares of a total of 156 companies were traded at more than Rs 637 million. Of the total 11 subgroups, four made gains, and the rest seven declined.

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Development bank surged 4.7 points, while non-life insurance 92.1 points, life-insurance 13.57 points and others 0.43 points.

But, banking dipped 0.27 points, while trade 1.18 points, hotel 2.04 points, hydropower 2.17 points, finance 1.82 points, production 9.21 points and microfinance 8.31 points.

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