Yeti Airlines also known as Yeti Airlines Private Limited is a Nepalese airline company that operates domestic flights within Nepal. Established in 1998, it started with a single aircraft and has since expanded its fleet and services. With a fleet of modern aircraft, Yeti Airlines offers convenient and reliable transportation options to various destinations in Nepal, including popular tourist spots and remote areas.
Yeti Airlines primarily focuses on providing air transportation services to various destinations within Nepal, including major cities and remote areas. The airline is known for its commitment to safety, reliability, and convenience for passengers traveling within the country.
History Of Yeti Airlines
The history of Yeti Airlines dates back to 1998, marking a significant milestone in Nepal’s aviation history. Founded by the visionary Ang Tshering Sherpa, the airline embarked on its journey with just two de Havilland Canada DHC-6 Twin Otter aircraft. These sturdy planes enabled Yeti Airlines to access remote and mountainous regions of Nepal, serving communities that were previously isolated from mainstream air travel.
As the airline expanded its operations, it recognized the need for specialized services to cater to the challenging terrain of Nepal. In 2009, Yeti Airlines established Tara Air, a subsidiary dedicated to Short Take Off and Landing (STOL) operations. This strategic move allowed Yeti Airlines to enhance its reach to rural areas with limited infrastructure, further solidifying its position as a key player in Nepal’s aviation sector.
In 2007, Yeti Airlines initiated Fly Yeti as a collaborative effort with Air Arabia. However, due to political instability, the airline halted its operations in 2008. In 2013, the European Commission implemented a ban on all Nepalese airlines from accessing European airspace. This prohibition remains enforced as of June 2021 and explicitly includes Yeti Airlines among the restricted carriers. In 2014, Yeti Airlines introduced Himalaya Airlines, establishing another international partnership, this time in collaboration with Chinese Tibet Airlines.
Throughout its journey, Yeti Airlines has remained steadfast in its commitment to safety, reliability, and excellence in customer service. Its dedication has been duly recognized through various awards and accolades, cementing its reputation as a leading domestic carrier in Nepal. Yeti Airlines stands as a testament to the vision and perseverance of its founders, shaping the future of air travel in Nepal with each milestone achieved.
Yeti Airlines Management Team
The management team of Yeti Airlines Pvt. Ltd. consists of highly skilled and experienced personals who have dedicated their time and effort for the betterment of the company. The following table shows the panel of management team along with their roles;
| Name | Position |
|---|---|
| Mr. Subhas Sapkota | Chief Executive Officer |
| Mr. Uddhav Prasad Subedi | Sr. Director – Engineering |
| Mr. Sudarshan Bartaula | Chief Security Officer / Spokesperson |
| Mr. Ankur Jung Rana | Chief of Ground Handling |
| Mr. Yuvraj Kumar Bista | Chief Business Officer |
| Capt. Samartha Ratna Tuladhar | Director – Flight Operations |
| Mr. Jagat Lama | Chief of AMO |
| Mr. Pratik Adhikari | Chief Finance Officer |
| Mr. Subash Bohara | Sr. Manager – Human Resources |
| Mr. Rajaram Tandukar | Chief of QA |
| Mr. Dipendra Bikram Shahi | Sr. Manager – Revenue Management |
| Mr. Shalabh Adhikari | Manager – Information Technology |
Financial Position Of Yeti Airlines
Yeti Airlines, the airline company which began with a single aircraft now has a net worth of Rs. 2.10 Billion.
In 2021 alone, the company was able to generate a net revenue of Rs. 1.396 Billion. In 2020, the company had a turnover of Rs. 2.66 billion, Rs. 3.43 billion in 2019 and Rs. 3.135 billion in 2018.
According to Credit Rating of ICRA Nepal, two years ago Yeti Airline’s share in the air market was 25%. Since then, the data has not been made public. But it is estimated that the numbers have increased by decent amount.
As of now, Yeti Airlines has an estimated yearly revenue of Rs. 3.66 Billion indicating a ~23% increase as compared to previous years.
The improvements across revenues and profit margins are mainly supported by the company’s shift to larger, fuel efficient ATR aircrafts. This has enabled it to carry higher number of passengers, despite a largely steady trend in yields.
(Note: FY = Financial Year; OI = Operating Income; OPBDITA = Operating Profit Before Depreciation, Interest, Taxes, and Amortization; TNW = Tangible Net Worth; DSCR = Debt Service Coverage Ratio)
Yeti Airlines Operating Airport Information
Yeti Airlines along with Tara Air has been operating its flights on following airports;
- Tribhuvan International Airport, Kathmandu
- Pokhara Airport
- Nepalgunj Airport
- Bharatpur Airport
- Bhadrapur Airport
- Dhangadhi Airport
- Janakpur Airport
- Biratnagar Airport
- Surkhet Airport
- Tumlingtar Airport
- Bhairawaha Airport
- Simara Airport and
- Other Airports as shown in picture below.
Yeti Airlines Flight Ticket Price Fare
Below is the table for Yeti Airlines Flight Price Fare;
| Departure | Arrival | Fare |
|---|---|---|
| Kathmandu | Mount Everest | Rs 13,535 |
| Bhadrapur | Kathmandu | Rs 5,700 |
| Bharatpur | Kathmandu | Rs 6,100 |
| Bharatpur | Pokhara | Rs 3,970 |
| Rajbiraj | Kathmandu | Rs 3,900 |
| Pokhara | Bharatpur | Rs 3,500 |
Note: The price may vary depending upon seat class and flight route i.e. normal route and mountain route.
Yeti Airlines Subsidiary Company: Tara Air
Tara Air also known as Tara Air Private Limited, headquartered in Kathmandu, Nepal, operates as a subsidiary of Yeti Airlines. Established in 2009, Tara Air emerged by utilizing aircraft from the Yeti Airlines fleet and is stationed at Tribhuvan International Airport, with an additional hub at Nepalgunj Airport. Specializing in scheduled flights and air charter services, Tara Air operates a fleet of Short Takeoff and Landing (STOL) aircraft, which were previously provided by Yeti Airlines.
“Today, alongside our sister airline Tara Air, we’ve expanded to serve Nepal’s widest range of destinations, operating the most aircraft in the country. Our commitment to providing passengers with the best flying experience has raised the bar for service excellence in domestic aviation. Proudly, Yeti Airlines is now Nepal’s top choice airline, and we’re dedicated to setting even higher standards in the industry.” – Mrs. Chanda Sherpa, Managing Director, Yeti Airlines Pvt. Ltd.
The airline’s primary focus is on servicing remote and mountainous airports and airstrips. Tara Air came into existence in 2009 as Yeti Airlines separated its STOL aircraft operations from its regional services. The airline’s STOL operations were rebranded as Tara Air, with a specific emphasis on serving remote and mountainous airports and airstrips.
Yeti Airlines Parent Company: Yeti World
Yeti World stands as Nepal’s foremost travel and tourism conglomerate, offering a remarkable range of services tailored to the diverse needs of travelers exploring the Himalayan Kingdom. Originating over 25 years ago from the vision of Late Ang-Tshering and Mr. Sonam Sherpa, Yeti World began as Thamserku, a trekking and expedition venture born from a passion for mountaineering and a commitment to sustainable adventure travel. Guided by Sherpa values and supported by a dedicated team, Thamserku flourished and evolved into Yeti World, expanding to include boutique accommodations, aviation services, tour operations, and logistics specialists.
Yeti World’s dedication to excellence remains steadfast, evident in its vibrant offices, innovative technologies, and global presence. Serving as guardians of the Himalayan homeland, the company operates on the principles of sustainable tourism, seeking to uplift remote communities and empower marginalized individuals. With a focus on exceptional teams and core values, Yeti World continually sets new benchmarks in Nepal’s travel and tourism industry, leaving a legacy of success and innovation in its wake.
Yeti Airlines Corporate Social Responsibility (CSR)
Yeti Airlines, as a leader in the aviation industry, holds a profound commitment to corporate social responsibility (CSR), recognizing its role in contributing to the betterment of society. Actively engaged in various social projects within Nepal, the airline’s commitment to societal advancement is evident in its philanthropic endeavors. Through initiatives like donating NPR 4 per flight ticket and contributing over NPR 17,000,000 in cash donations, Yeti Airlines demonstrates its dedication to supporting charitable trusts and welfare organizations.
Moreover, Yeti Airlines is deeply committed to environmental stewardship. By planting over 250,000 tree saplings and pioneering efforts to reduce and offset Greenhouse Gas (GHG) emissions, it strives to minimize its carbon footprint. Notably, in 2018, Yeti Airlines became the first airline in Nepal, and potentially South Asia, to achieve GHG emissions reduction and offsetting, aligning with the UN’s ‘Greening the Blue’ approach to climate neutrality.
“As a responsible company, we’re honored to collaborate with the United Nations on their mission. The Sustainable Development Goals (SDGs) aim to create a fair, sustainable world by 2030, addressing poverty and promoting equality and prosperity. We urge fellow private sector entities to join us, the UN, and the Government of Nepal in realizing these goals for a brighter future together.” – Mrs. Chanda Sherpa, Managing Director, Yeti Airlines Pvt. Ltd.
This holistic approach to CSR underscores Yeti Airlines’ mission to foster sustainable development and create a positive impact on society and the environment. Through its ongoing initiatives and the support of its passengers, the airline continues to lead by example, inspiring other businesses to prioritize CSR and contribute to the well-being of communities and the planet.
Awards And Achievements
- Yeti Airlines has become the first airline in Nepal, and most probably South Asia, to successfully reduce and offset its total Greenhouse Gas (GHG) emissions of 2018, replicating the UN’s ‘Greening the Blue’ approach to climate neutrality.
- Yeti Airlines becomes Nepal’s First Carbon Neutral Airline
- ‘Best Managed Company of the Year 2013’ Awarded By New Business Age
- “Best Domestic Airline”
- Awarded By Civil Aviation Authority Of Nepal (CAAN) for 25 years of operation
Conclusion
In conclusion, Yeti Airlines has embarked on a remarkable journey since its inception in 1998, evolving into a leading player in Nepal’s aviation sector. With a commitment to safety, reliability, and service excellence, the airline has expanded its fleet and services to serve diverse destinations within Nepal. Yeti Airlines’ history is marked by milestones, including the establishment of subsidiary Tara Air, dedicated to servicing remote areas.
Despite challenges such as political instability and regulatory restrictions, Yeti Airlines remains resilient, guided by a strong management team and a vision for sustainable growth. As it continues to navigate the dynamic aviation landscape, Yeti Airlines remains dedicated to setting new standards of excellence, ensuring a bright future for air travel in Nepal.
Looking ahead, Yeti Airlines continues to innovate and adapt to the evolving aviation landscape, with recent developments including strategic partnerships and plans for expansion through public offerings.
