Nepal, China to launch joint venture airlines

A Chinese airlines company has entered Nepal's market with the collaboration of Nepali companies to initiate a new aviation business, the Himalayan Airlines.

China's Tibet Airlines has set up partnership with Nepal's HIF (Himalaya Infrastructure Fund) Aviation Investment Company and Yeti World Investment Company.

The agreement among the three companies has been signed in Nepal's capital Kathmandu.

The company will first launch direct flights from Kathmandu to Lasha and Kathmandu to Chengdu using aircraft including Airbus-319 and Airbus-320.

Both Chinese destinations are major cities in the country's southwest.