15-Dec-2010 3:35 PM
Nepal’s Civil Aviation Ministry rescind's operation permit for Air Arabia; Lonrho shares up 4.4%
Analysis
Nepal's Civil Aviation Ministry reportedly rescinded an operation permit for Air Arabia to operate services between Kathmandu and Kuala Lumpur following concerns from Nepal's International Relations and Human Rights Committee that the competition would hurt business for Nepal Airlines. Air Arabia previously planned to launch six times weekly services on the route from 16-Dec-2010.
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