COVID-19 crisis: CAAN hit by significant fall in revenue collections « Khabarhub
Sunday, July 14th, 2024

COVID-19 crisis: CAAN hit by significant fall in revenue collections


30 August 2021  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: The Civil Aviation Authority of Nepal (CAAN)’s revenue collection in the past two years dropped significantly due to the COVID-19 crisis.

Tribhuvan International Airport (TIA), the country’s sole international airport, recorded a significant fall in the number of passengers since the outbreak of COVID-19.

Tourism and civil aviation are some of the sectors hard-hit by the pandemic. CAAN, the regulatory body of the avian sector, said it recorded a major fall in its income in the past two consecutive years.

Its income went down by 43 percent in the first year of the COVID-19 outbreak and the figure rose to 72 percent in the following year.

According to CAAN’s annual progress report for the fiscal year 2077/78 BS (2020-21), its income decreased by 43 percent than the projected income of Rs 10.544 billion of the previous year and it further decreased to 72 percent in the following year.

The COVID-19 crisis seen since the beginning of 2020 had adversely affected projects and programs funded by the CAAN last fiscal year.

Construction of many airport infrastructure development projects with investments of the Government of Nepal and donor agencies have been affected due to ongoing COVID-19 and prohibition orders, according to the report.

The infection has taken its toll most on air transport. The year 2020 witnessed a 73.27 percent fall in air passengers in international flights as compared to 2019. In 2019, over 4.1 million passengers took international flights as opposed to over 1.1 million in 2020.

Likewise, in 2020, more than 1.2 million passengers took domestic flights as compared to over 3.1 million in 2019. The figure in 2020 is a 59.46 percent drop than in 2019.
RSS

Publish Date : 30 August 2021 21:55 PM

Govt records some historic achievements in energy development sector: Minister Basnet

KATHMANDU: Minister for Energy, Water Resources and Irrigation, Shakti Bahadur

We are very close to Nirmala Panta’s killer: Home Minister Lamichhane

KATHMANDU: Outgoing Deputy Prime Minister and Home Minister Rabi Lamichhane

UML and NC finalize power-sharing agreement

KATHMANDU: The Nepali Congress (NC) and CPN-UML are set to

Team of 15, including Chiefs and high officials of security forces, reach Chitwan

KATHMANDU: A team of 15, including the chiefs of all

UML Chair Oli to be appointed Prime Minister at 5 PM, oath ceremony on Monday

KATHMANDU: Chairman of CPN-UML, KP Sharma Oli, is scheduled to