Saturday, November 30, 2019

After losing Rs 100m in 7 months, Buddha Air stops Kolkata flights

Buddha Air is flying to Kolkata, India, one last time on Monday.
Despite having a significant air movement between Kathmandu and Kolkata, the privately-owned carrier decided to discontinue the scheduled flight after incurring heavy loss in the last six months.
According to Buddha Air, it lost Rs 100 million by operating 78 flights to and from Kolkata since May.
The decision of the private airline company to discontinue its flights to the Indian city comes amid preparations around the country to celebrate Visit Nepal Year 2020 with a target to bring two million international tourists.
For some experts, lack of promotion of Nepal as a tourist destination partly contributed to the low passengers' turnout that caused financial losses to the airline. They say that it is also a setback to the tourism sector on the eve of Visit Nepal Year 2020.
The company itself plowed in Rs 25 million in marketing activities.
It was Buddha Air's trial flight before venturing into other long-haul international destinations. But the lack of passengers from highly potential destination resulted into despair for the carrier.
30/11/19 My Republica
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