Saturday, July 1, 2017

NAC expands market share to 12 per cent thanks to new aircrafts

The national flag carrier – Nepal Airlines Corporation (NAC) – has expanded its market in the civil aviation market to 12 per cent from five per cent a year ago, thanks to new aircrafts.
Addressing the 59th anniversary here today, managing director of NAC Sugat Ratna Kansakar said that the national flag carrier's market share a year ago used to be only five per cent, which has now more than doubled to 12 per cent this year. "The number of passengers served by NAC also has also increased by 17.6 per cent," he said, attributing the increase in the market hare to the two 158-seater A320 aircraft added to its international fleet. "NAC has been carrying 200,000 passengers annually for the last one decade. But for the past two years –previous fiscal year and current fiscal year – the number of NAC's passengers has increased by 24 per cent to 384,000.
Similarly, though the number of arrivals at Tribhuvan International Airport (TIA) has increased by 4.7 per cent, the passengers traveling by NAC aircraft have increased by 17.6 per cent this year, he added. "Though NAC's annual transaction has reached Rs 100 billion, international airlines operating in the country enjoy a majority market share.
Increasing the market share and number of passengers is commendable as NAC has to compete with 26 international airlines,” Kansakar said, adding that NAC will bring two wide-body aircraft within a year and increase market share to 18 per cent from the current 12 per cent. "NAC has attached high priority to improving its management besides adding aircraft."

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