joint-venture budget carrier FlyYeti is suspending
operations from next month because of uncertainty about its ability to renew
FlyYet is a partnership between Yeti Airlines and Middle
Eastern low-fare carrier Air Arabia, and has only been operating for five
months. The airline has been using a Boeing 737-800 wet-leased from Spanish
carrier Futura International Airways.
a statement Kathmandu-based FlyYeti says the “current
and ongoing political environment” in Nepal,
and the fact that renewal of aircraft lease agreements are subject to
Government approval, means there is uncertainty about extending current leases
beyond their mid-July expiry date.
FlyYeti adds that the country is also suffering from
“difficult” operating conditions and an “opaque” regulatory regime. The
airline’s management, it says, has decided that temporary suspension of
services is “in the best interest” of its passengers.
company will continue to monitor closely the political and market conditions in
the country and hopes to resume operations when those conditions stabilise,” it
is undergoing a period of political upheaval following the country’s recent
transformation into a republic from its previous status as a constitutional