Yeti Airlines receives Green Go signal for its new ATR aircraft from Customs

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Yeti Airlines 5th ATR aircraft that landed Tribhuvan International Airport (TIA) last Saturday from Thailand has been cleared by the Customs yesterday. The aircraft was put on hold by the Customs of Nepal as a dispute on the purchase price of the aircraft was observed. The aircraft was cleared after Yeti Airlines made a security deposit of NRs. 8.2 Million Rupees in the Customs of Nepal.

Yeti Airlines newly arrived ATR 72-500 with registration ‘9N-ANG’ had been drawn into hold by Customs of Nepal. The customs put hold on clearance of customs of newly arrived ATR 72-500 aircraft as it doubted on the purchase price of the aircraft which is 12 years old and had been purchased from NOK Air. It had been found that the price of purchase shown to the department of customs, Nepal was not equal to price of the aircraft mentioned to insurance company.

This aircraft flying with NOK Air was manufactured in 2007 for which Yeti Airlines had illustrated a purchase price of NRs. 365.8 Million while the insurance paper showed its purchase price of NRs. 606.1 Million. Another ATR 72 manufactured in 2007 and purchased by Buddha year previously had cleared customs with a purchase price of NRs.820 Million.

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