KATHMANDU, SEPTEMBER 2
The Civil Aviation Authority of Nepal has developed a new standard through the 10th amendment of the Certificate Guidelines for aviation service operations.
Spokesperson of CAAN Jagannath Niraula said the new standard requires a company willing to operate aviation services to have a minimum of three aircraft. All airline companies will have to increase the number of aircraft to at least five within five years. Those unable to meet the required standards may also go for a merger. Likewise, the standard states that the chairpersons, share holders, executive director and manager and position holder of the airline companies should not carry out activities contrary to the policies of CAAN and the government of Nepal and should not express their opinions towards that end in public.
The managers and office-bearers of the airline company must not be involved in activities such as tours and travels that directly or indirectly are in conflict with the company's interests.
Likewise, chairman, share holder, executive director and manager will not be allowed to carry out commercial flight or maintenance activities and the pilot cannot be involved in commercial activities except flying.
The investors cannot sell or transfer their shares for five years fter receiving no objection letter.
A version of this article appears in the print on September 03, 2023, of The Himalayan Times.
