COMPANY PROFILE

Name	:	Buddha Air Download Company Profile   4.06 MB
Type	:	Private Limited Company
Address	:	Buddha Air Pvt. Ltd Post Box 2167 Jawalakhel, Lalitpur, Nepal
Contact	:	Ph: 977-1-5521015, Fax: 977-1-5537726 Email: buddhaair@buddhaair.com
Registration Date	:	23 April 1996
Registration Number (Office of the Company Registrar, Ministry of Industry, Government of Nepal)	:	4836/052/53
Permanent Account Number (Internal Revenue Department, Ministry of Finance, Government of Nepal)	:	500159293
Executive Chairman	:	Mr. Surendra Bahadur Basnet
Managing Director	:	Mr. Birendra Bahadur Basnet
Business	:	International/Domestic Flight Operator
Type and number of aircrafts	:	Four Beechcraft 1900D manufactured by Raytheon Aircraft (now Hawker Beechcraft), three ATR 42-320 and one ATR 72-500 manufactured by Alenia Aeronotica
Number of Support Vehicles	:	6 buses, 11 vans, 1 jeep, 2 tractor, 24 motorcycles 2 pick-up
Total Asset:	:	US$ 30 million
Membership	:	Nepal Association of Travel Operators Pacific Asia Travel Association – Nepal Chapter
Insured by	:	General Insurance Corporation, India Shikhar Insurance, Nepal

• History / Introduction
• Corporate Profile
• Buddha Air Independent Workers Union

Buddha Air Pvt. Ltd is a privately operated air travel company founded on 23 April 1996 and registered as a private limited company at the Company Registrar Office of the Ministry of Industry, Government of Nepal, under the Company Act, 2021 BS of Nepal. The company headquarter is located at Jawalakhel, Lalitpur while there are two city sales offices in the most convenient locations within the Kathmandu Valley.

After 12 years of dedicated non-stop service, more than 100,000 flight hours logged in with over 3 million passengers flown to nine destinations with permanent runways in the country, Buddha Air today is the largest domestic air travel operator in Nepal employing more than 500 experienced professionals. The company has the largest fleet of the world’s best aircrafts amongst all domestic airliners in operation with four 18 seat Beechcraft-1900 D, three 47 seat ATR-42 and one 72 seat ATR 72-500 flying out to all the trunk routes with a minimum of 1200 m of permanent runway. It is the company’s policy to place safety at the highest priority.

Buddha Air’s safety record and reliability has earned us a host of awards including the Highest Safety Award given by the Ministry of Tourism and Civil Aviation of the Government of Nepal as well as a list of the most esteemed clientele in Nepal including most United Nations organizations, all major diplomatic missions, international non government organizations as well as national level organizations.

Buddha Air prides itself in maintaining an absolutely clean and transparent financial accounting which is one of the reasons why the company has gained the trust of some of Nepal’s major banks as well as international institutions like the International Finance Corporation/World Bank (IFC/WB), General Insurance of India. Starting with an authorized capital of NRS 70 million the company cleared its loan of NRS 71 million within 6 years of establishment. On 27 September 2004, the Ministry of Culture, Tourism, and Civil Aviation honored Buddha Air for being the first among private sector airlines in foreign exchange earning during the fiscal year 060/061. The company’s good governance practices earned the confidence of the International Finance Corporation/World Bank who provided a loan of USD 10 million for the purchase of the latest addition in Buddha Air’s fleet, the ATR 42.

Buddha Air places great emphasis on safety and as well as operating new modern equipment , each aircraft is fully equipped with navigational aid equipment and flights are only operated in airports with asphalt runway of not less than 4000 feet length. The maintenance and engineering department has a fully trained work force including 45 cockpit crew, 5 flight operation officers, 18 qualified engineers and 31 technicians. We maintain an inventory of aircraft and engine spares replacing any part that doesn’t pass our tests regardless of whether it is new or old with absolutely new parts. Buddha Air has also successfully completed a Cooperative Development of Operational Safety and Continuing Airworthiness Project – South Asia audit as a an ardent follower of the manufacturers and industry standard in the performance of our flight operations maintenance and safety & procedures. Buddha Air has renewed its aviation insurance for the 12th consecutive year with zero claims, something no other airliner in Nepal has done.

Sector information: