Nepal's first low-cost carrier FlyYeti.com in a press statement on Sunday said, "The current uncertainty – combined with difficult operating conditions in Nepal and a presently opaque regulatory environment - has led the management of FlyYeti.com to decide that it is in the best interest of the company and its passengers to temporarily suspend operation."
The joint venture of Yeti Airlines and Air Arabia said it is not in a position to renew its current leasing agreement with the government, which expires in mid-July.
The airlines said all passengers who booked tickets with the airline will be reimbursed with full payments made.
The company expects to resume the services for which it said, it will continue to closely watch the political situation and market conditions in the country.
1.Age of Everest:
Everest was formed about 60 million years ago.
2.Elevation:
29,035 (8850m)-found to be 6\\\\\\\\\\\\\\\' higher in 1999.
3.Name in Nepal:
Sagarmatha (means: goddess of the sky).
4.In Tibet:
Chomolungma: (means: mother goddess of the universe).
