Yeti Airlines venture with Air Arabia

Yeti Airlines and Air Arabia have said that they would jointly establish a new hub in the Nepal's capital, Kathmandu, providing the Sharjah-based Low Cost Carrier (LCC) with a platform from which to serve markets stretching across South and Central Asia, the Far East, Middle East and the Indian subcontinent.

The airlines companies signed the agreement for a joint-venture with Yeti Airlines to expand the market. The government has already approved the proposal.

According to the agreement reached, the two airlines companies will jointly establish a new low-cost carrier, based in Kathmandu providing affordable and convenient service to a broad range of international destinations.

The new venture will have major share of Air Arabia and will apply its successful low-cost business model to the management of Nepal's first international LCC.

The new carrier will begin operations within this month. The first destination will be Sharjah and to selected destinations in India as well as to Doha and Kuala Lumpur in Malaysia . nepalnews.com ia Jan 14 08