Source::Rss
The Civil Aviation Authority of Nepal (CAAN) has developed a new standard through the tenth amendment of the 'Certificate Guidelines' for aviation service operations. A spokesperson for CAAN, Jagannath Niraula, said that the new standards require 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 requirements may also go for a merger.
Likewise, the standards state that the chairpersons, share holders, executive directors, managers, and position holders 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; the chairman, shareholder, executive director, and manager will not be allowed to indulge in commercial flight or maintenance activities; and the pilot cannot be involved in commercial activities except flying.
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 companies cannot appoint managers and post holders without the approval of CAAN, while CAAN will issue special procedures regarding the appointment of accountable managers, minimum qualifications, experience, and authority._Rss
Also Read
