Simrik Airlines has taken over the management of Agni Air.
According to a report published in Nagarik daily, a tripartite agreement between promoters of Agni Air, Simrik and Namaste Air on October 1 sealed the deal.
Namaste Air, which is promoted by Pokhara-based entrepreneurs, had been looking after the management of Agni Air since six months.
According to the report, Simrik Air will pay Rs 300 million to Namaste Air and pay loans worth Rs 500 million that Agni owes to different commercial banks.
Simrik Airlines is the subsidiary of chopper operator Simrik Air. Simrik Air established Simrik Airlines after taking over the management of Guna Airlines.
Officials of Namaste Air said they were forced to bow out of Agni Air after the Civil Aviation Authority of Nepal (CAAN) revoked Namaste’s Air Opreator Certificate (AOC).
With the agreement, Simrik Airlines will now operate three 29-seater Jetstream 41s and two 18-seater Dorniner 228s. Prior to the agreement, it had a flee of two Beechcrafts. Simirik plans to operate Dornier aricraft on Lukla, Jomsom and and Phaplu, among others, before Dashain. The Jetstream 41s, however, will come into operation after some maintenance works.