CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

CAAN calls on airlines to pay arrears within 7 days

CEO Tab by CEO Tab
March 21, 2022
in Prime News
0
CAAN hit by significant fall in revenue collections
75
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The Civil Aviation Authority of Nepal (CAAN), the regulatory body, has decided to take action against the airlines for non-payment of arrears.

You might also like

Institutional Investors Defy Market Slump, Increase Stock Market Investments

Electricity Supply to Humla Headquarters Simikot Disrupted

LPG Prices Rise by Rs 105.38 per Cylinder in Kathmandu Valley

CAAN is preparing to take action against seven different airlines which are not in operation now but have not paid the remaining arrears.

In a public notice issued on Sunday, the authority has directed the airlines to pay the arrears within seven days.

The authority has stated that the airlines that do not pay the arrears will be brought under the purview of the law. CAAN Director-General Engineer Pradip Adhikari informed that action would be taken if the airlines did not pay the dues within seven days.

“Immediately after this information, the entry permit is suspended. Foreign travel and bank accounts across Nepal will be blocked,” he said.

The defaulting airlines are Necon Air, Shivani Air, Gorkha Air, Mountain Air, Cosmic Air, Skyline Airways, and Air Woodmandap.

Out of this, Necon Air has arrears of Rs 47.225 million, Shivani Air has arrears of Rs 55.51 million and Gorkha Air has arrears of Rs 20.35 million.

Similarly, Cosmic Air owes Rs 3,47,58,070, Skyline Airways Rs 7,80,400, Air Woodmandap Rs 7,38,447 and Mountain Air Rs 6,10,834.

According to CAAN, Karnali Air has paid the arrears. CAAN has stated that action will be taken against other airlines for non-payment of arrears. According to the law, if the arrears of CAAN are not paid, the government will collect the same as the rest.

According to the Airport Service Fee Regulations, those operators and companies will not be allowed to take any kind of service related to air service, airport, and authority in the future.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Institutional Investors Defy Market Slump, Increase Stock Market Investments

by CEO Tab
September 6, 2026
0
Institutional Investors Defy Market Slump, Increase Stock Market Investments

Institutional investors, including mutual funds and investment companies, are steadily expanding their presence in Nepal’s stock market despite a prolonged decline in share trading at the Nepal Stock...

Read more

Electricity Supply to Humla Headquarters Simikot Disrupted

by CEO Tab
September 6, 2026
0
Electricity Supply to Humla Headquarters Simikot Disrupted

Electricity supply to Simikot, the headquarters of Humla district, has been disrupted since Tuesday due to a technical problem at the Hildum Distribution Center of the Nepal Electricity...

Read more

LPG Prices Rise by Rs 105.38 per Cylinder in Kathmandu Valley

by CEO Tab
September 6, 2026
0
LPG Prices Rise by Rs 105.38 per Cylinder in Kathmandu Valley

Cooking gas bottlers have increased the price of liquefied petroleum gas (LPG) by Rs 105.38 per cylinder in the Kathmandu Valley, citing higher transportation costs after being forced...

Read more

NEPSE Declines 0.57 Percent as Investors Lose Rs 25 Billion in a Week

by CEO Tab
September 6, 2026
0
NEPSE Declines 0.57 Percent as Investors Lose Rs 25 Billion in a Week

The Nepal Stock Exchange (NEPSE) index declined by 14.54 points, or 0.57 percent, last week, although hydropower stocks recovered after suffering heavy losses in the previous week following...

Read more

Government Announces Relief Package for Entrepreneurs Affected by Bhotekoshi Floods

by CEO Tab
September 4, 2026
0
Government Announces Relief Package for Entrepreneurs Affected by Bhotekoshi Floods

The government has announced a comprehensive revival package for entrepreneurs affected by the devastating Bhotekoshi floods, offering customs duty exemptions, concessional loans, and loan restructuring facilities. The measures...

Read more
Next Post
Interest rates not to change despite high demand for loans

Liquidity crisis continues in banks and financial institutions

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.