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Tag Archives: Classification of Airlines

Government proposes paid-up capital hike for airlines, reclassification of aircraft

Nepalayatimes   Kathmandu – The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) has proposed to increase in paid-up capital of airline companies from existing capital requirement of Rs 500 million for class ‘A’, ‘B’ and ‘C’ category airlines to Rs one billion, Rs 750 million, and Rs 500 million, respectively. ‘The procedure for establishment of airlines for extension of domestic …

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