Nepal venture has $50m capital: Air Arabia

SHARJAH - Air Arabia, the Middle East's largest low-cost carrier, said yesterday its Nepali joint venture, Yeti Airlines International, has a capital of $50 million.

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Published: Mon 21 Jan 2008, 9:05 AM

Last updated: Sun 5 Apr 2015, 12:32 PM

The first flight of Yeti Airlines, also known as, landed in Sharjah airport yesterday.

"We hold a majority stake in the company and have a management contract," Air Arabia's Chief Executive Adel Ali told Reuters, declining to be more specific.

Air Arabia's partner is Yeti Airlines of Nepal.

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