The Civil Aviation Authority of Nepal (CAAN) has introduced a new standard through the tenth amendment of the ‘Certificate Guidelines’ for aviation service operations.
CAAN Spokesperson Jagannath Niraula informed media persons that the new standards require a company willing to operate aviation services must possess at least three aircrafts. All airline companies will have to increase the number of aircrafts to at least five within five years. Those unable to meet the requirement may also opt for a merger.
Similarly, the standards states that the chairpersons, shareholders, 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 views 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, the chairman, shareholder, executive director and manager will not be allowed to indulge in commercial flight or maintenance activities and pilot cannot be involved in commercial activities except flying.
The Investors cannot sell or transfer their shares for a period of at least five years after receiving the no objection letter, government-owned or private airline company cannot appoint managers and post holders without CAAN’s approval, while the CAAN will issue special procedures regarding appointment of accountable manager, minimum qualification, experience and authority.