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Economy

Yeti Airlines adds third ATR 72 aircraft

Gorkha Post

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KATHMANDU — Yeti Airlines has added third ATR 72-500 aircraft to its fleet. With the addition of this aircraft, Yeti Airlines will expand its ATR72 operations to Bhadrapur and Pokhara and will help facilitate Nepal achieve its target of 2 million tourist arrivals by the year 2020, according to statement released by the company.

The aircraft landed in Kathmandu airport after its approximately 1,450 hours flight from France-Toulouse-Italy-Egypt via Muscat, read statement issued by the Yeti Airlines on Tuesday.

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Captains Pramod Poudel, Ramod Kunwar Shrestha and Surendra Kunwar; flight dispatcher Santa Prajapati, Senior Engineer Suresh Kumar Bajracharya and CAAN representative Bharat Raj Parajuli were onboard the plane.

Yeti Airlines has purchased this ATR72-500 aircraft from KF Turbo Leasing Limited and will be one of the youngest ATR72 aircraft operating in Nepal.

The ATR72-500 is a twin-engine turboprop aircraft manufactured by the French-Italian consortium ATR.

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Economy

Business community demands slash in interest rate

Pratigya Waiju

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BIRATNAGAR— The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the bank and financial institutions (BFIs) from the borrowers.

They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms.

At a programme jointly organised by Industry Association Morang and Trade Association Morang on Thursday, the business leaders drew attention of the government to that end adding that job creation for the labour force of 500,000 was not likely only from the industry and trade sectors.

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Stressing the need for slashing the interest rate, they also argued the central bank should realise the reality that no bank was running out of loss. The industrialists and businesspersons said that industries and business should flourish to reduce the trade deficit, strengthen the economy and create more job opportunities.

Industrialists Bhim Ghimire, Pawan Kumar Sharda, Sushen Pyakurel, Moti Dugad and others said that bank’s interest rate should be low to increase the domestic investment and lure the foreign investment.

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