The Civil Aviation Authority of Nepal (CAAN) has developed a new standard through the tenth amendment of the 'Certificate Guidelines' for aviation service operations.
Spokesperson of CAAN Jagannath Niraula informed RSS that the new standards requires a company willing to operate aviation services to have a minimum of three aircrafts. All airline companies will have to increase the number of aircrafts to at least five within five years. Those unable to meet the required may also go for a merger.
Likewise, the standards states that the chairpersons, share holders, executive director and manager and position holder of the airline companies should not carry out activities contrary to the policies of CAAN and the government of Nepal and should not express their opinions towards that end in public.
The managers and office-bearers of the airline company must not be involved in activities (such as tours and travels) that directly or indirectly are in conflict with the company's interests, the chairman, share holder, executive director and manager will not be allowed to indulge in commercial flight or maintenance activities and pilot cannot be involved in commercial activities except flying.
The Investors cannot sell or transfer their shares for a period of at least five years after receiving the no objection letter, government-owned or private airline company cannot appoint managers and post holders without the approval of CAAN, while the CAAN will issue special procedures regarding appointment of accountable manager, minimum qualification, experience and authority.