Issuing a press statement on Monday, the company said the chopper was purchased from Eurocopter South East Asia in Singapore and flown to Kathmandu. [break]
“The chopper is capable of landing at an altitude of 23,000 feet. With this chopper, Fishtail Air opens up an opportunity to operate flights to base camps of all mountains in Nepal,” the statement added.
Fishtail Air plans to base a chopper each in Pokhara and Lukla. The AS 350 B3 helicopter is capable of carrying six passengers and reasonable weight up to 1400 kg.
NBTI signs MoU with AIT
KATHMANDU, March 1: The Asian Institute of Technology (AIT) signed a Memorandum of Understanding with National Banking Training Institute (NBTI) last week for providing capacity building programs for human resource development in the financial sector of Nepal.
According to a press statement issued by NBTI, Sashin Joshi, chairman of NBTI, and Prof Said Irandouxt, president of AIT, signed the MoU, which will open new avenue for short term training program and later on facilitate the Masters in Business Administration (MBA) and doctorate program in Business Administration (DBA) at AIT for Nepali students and bankers.
After signing the MoU, Prof Irandouxt said, "AIT is committed to furthering the cause of higher learning in the region and beyond. It is another step in the direction of greater partnerships with Nepal".
Students from Nepal account a substantial number of student body at AIT and around 5.6 percent of AIT´s 17,000 alumni are from Nepal.
Lumbini Bank´s mgmt extended for 4 yrs
KATHMANDU, March 1: A recent meeting of Board of Directors of Lumbini Bank Limited has unanimously decided to extend the tenure of current management team led by Shovan Dev Pant, CEO of the bank, for the next four years.
A press statement issued by the bank on Monday said that the meeting also appreciated the new management for their performance in successfully truing around the financial health of the bank.
Lumbini Bank, whose financial condition was critical four years ago, has been able to record a five-fold increase in it operating profits from Rs 61 million to Rs 313 million during the period.
The bank has also recovered Rs 1.3 billion from its bad assets, resulting in reduction of NPA from 37 percent to 6.3 percent during the period, said the statement.
The bank has maintained capital adequacy ratio level at 23.97 percent, which demonstrates the bank´s inner strength to meet future challenges. The statement also said that the bank is maintaining a sound level of liquidity coverage that stands at more than 30 percent of bank´s deposits.
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