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Shree Airlines brings its first CRJ-200 jet

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KATHMANDU —  Shree Airlines, Nepal’s largest helicopter operator, has recived its first 50-seater Bombardier Canadair Regional Jet (CRJ-200) on Wednesday.

Shree Airlines has become the second Nepali carrier to fly Bombardier aircraft after Saurya Airlines. Its other two jets—78-seater CRJ-700 and 50-seater CRJ-200—will arrive next week, according to the airline.

The aircraft was flown from Japan via China. The airline plans to begin commercial passenger service soon.

According to the airline, it has been allotted six sectors—Bhadrapur, Biratnagar, Bhairahawa, Nepalgunj, Dhangadhi and mountain flight.

Currently,Nepal Airlines, Buddha Air, Yeti Airlines, Simrik Airlines and Saurya Airlines serve domestic trunk routes.

Shree had already received a no objection certificate from the Civil Aviation Authority of Nepal (CAAN) in March to buy or lease aircraft, eight months after the carrier applied to begin fixed-wing operations.

Shree will be hiring at least 200 more personnel for its expansion project. The airline was started in 1999, and it currently has six MI-17 and four Eurocopter AS350 B3e helicopters.

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Century Commercial Bank begins joint operation

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Centuary Bank joint operation inuguration

KATHMANDU — After acquiring ‘B’ class Alpine Development Bank Limited and ‘C’ class Seti Finance Limited, Century Commercial Bank Limited has started its joint operation from Monday.

Joint operation of the bank was inaugurated by Chiranjibi Nepal, governor of Nepal Rastra Bank (NRB), according to a statement issued by the bank.

ALSO READ :  $4.4 bn committed for Nepal reconstruction

The bank has acquired these two financial institutions to expand its capital to Rs 8 billion. The bank now had 85 branches across the country, which would soon be expanded to 100.

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