Shree Airlines two CRJ aircraft coming in first phase for Nepal
29 September 2016, Kathmandu
The biggest helicopter operator company of Nepal, Shree Airlines operating since 17 years is purchasing two jet engine aircraft for the domestic flight operation towards fixed wing. Shree Air is in final preparations of adding 2 Canadian made Bombardier aircraft of CRJ 200 series for the flights in Bhadrapur, Biratnagar, Bhairawa, Nepalgunj, Dhangadi trunk routes and Mountain flight sector.
Shree Airlines is buying these aircraft from another airline with an investment of 2 Billion Nepali rupees.
The business plan of Shree Airlines illustrates that the aircraft which costs rupees 1.5 billion brand new will be purchased in 50 million for each. The airlines has plan of adding 2 aircraft in the first phase and after two there months of the operation of these two aircraft it will be adding another aircraft again.
The 80 per cent of the investment will be provided by commercial banks according to the Chairman and CEO of the company Mr. Sudhir Lal Mittal.
This airline provides the largest service in helicopter operation with its 4 small and 6 big helicopters to the most rural parts of Nepal. The airline has planned to start the fixed wing service between months of November and December.
It has been expected that the top domestic operators presently Buddha and yeti Airlines of Nepal will face major challenges after the fixed wing operation of Shree Airlines begin. The 50 seat jet aircraft will fly fast and take 10 minutes less in comparison to other ATR and Jetstream aircraft flying in those routes.
The airlines believes that the addition of new aircraft will provide direct job to 200 people and also indirectly to 2000 more people. The airline will add 12 pilots too for the operation of new aircraft. Passengers will have new facilities and new comfort while flying in these aircraft. This will result in competition in aviation market of Nepal.
- Information on the News has been corrected on 30 SEP 2016. The CEO name was corrected to Mr. Sudhir Lal Mittal. Sorry for inconvenience.
