Civil Aviation Authority Nepal (CAAN), the aviation regulator of Nepal have cancelled the Air Operation Certificate (AOC)of three airlines – Yeti International, Cosmic Air and Impro Airways after they failed to renew their periodic license. The AOC were nullified from January 11 as per the Aviation Regulations, according to Civil Aviation Authority Nepal (CAAN), the aviation regulator.
Yeti International used to operate international flights while Cosmic Air used to fly in both domestic and international sectors. Impro, which ceased operation two years ago, had MI-17 helicopter for domestic chartered flights. Yeti International, which ceased its operation in April, last year, was promoted by Air Arabia and Yeti Airlines, a domestic carrier. According to CAAN's regulation, international airline companies must furnish a fee of Rs 1 million for renewal of their operating license, while domestic carriers need to pay Rs 200,000 to Rs 400,000 depending on the type of aircraft. |
