Buddha Air 09
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company profile 20 Buddha Air 09 www.buddhaair.com ith the reinstatement of multiparty democracy in Nepal in 1990 and the subsequent liberalization of the economy, the private sector was encouraged to invest Win public infrastructure and services. Retired Supreme Court Justice Surendra Bahadur Basnet realized the need and growing demand for mass public transport in Nepal. Buddha Air Pvt. Ltd was established in October 1997 with the objective of giving the people a safe and reliable air transport service. From the very beginning passenger safety was placed in the highest priority. This core value has helped the company earn the trust of millions who have flown with Buddha Air. company SUMMARY NAME OF THE COMPANY Buddha Air YEAR OF EstabLISHMENT 11.10.1997 EXECUTIVE CHAIRMAN Surendra Bahadur Basnet ManaGING DIREctOR Birendra Bahadur Basnet TYPE OF BUSINESS Domestic Flight Operator NO. OF AIrcraFT Seven TYPE OF AIrcraFT Pressurized Beech 1900D (4) ATR 42-320 (3) NO. OF SEctOR DESTInatIONS 1. Kathmandu 2. Everest Experience 3. Bhadrapur 4. Bhairahawa 5. Biratnagar 6. Pokhara 7. Nepalgunj 8. Janakpur 9. Simara 10. Bharatpur 11. Dhangadi The Highest Safety Record in 2009 page 3 introducing ATR 42-320 product of the aircraft engines offering a cruise speed of speeds, the aircrafts contribute to a manufacturers Aérospatiale 250 knots, a fast climb from 1,500 small fraction of aircraft attributable A of France (now EADS) and ft to 17,000 ft in less than 10 min, emissions. They operate at low Aeritalia (now Alenia Aeronautica) outstanding take-off and single engine altitudes, have no effect on the ozone of Italy, the ATR 42-320 is one of performance maintained even in hot layer and upper atmosphere, and the world’s most popular aircrafts and high condition. It has excellent provide optimized capacity, to adapt to be used by commercial airline short-field performance and step frequencies to the regional airlines operators. The ATR 42-320 is the approach capability. requirements. Materials, procedures second development of the ATR 42. The ATR 42- 320 makes and technologies used to produce ATR It draws from in-service experience optimal use of advanced technologies aircrafts are constantly improved and of about 700 ATR aircrafts flying providing fuel-efficient aircrafts to monitored to minimize environmental worldwide, with average dispatch minimize environmental impacts by impact across the entire life cycle. reliability in excess of 99.6%. It uses the growing aviation industry. Highly On 300 Nautical Mile sector, Pratt and Whitney Canada PW121 efficient even while operating at lower the ATR 42-320 features less page 4 The ATR 42-320 provides passengers with an on-board comfort and services comparable to the jetliner fuel consumption, lower engine made of corrosion-resistant composite comfort and services comparable maintenance costs. The aircraft material. Generous operational to the jetliner. It has a high cruise is more efficient than regional weights adapted to new regulatory ceiling of about 7,000 m (21,000 jet aircrafts on short-haul routes: standards provide the ATR 42-320 ft) with inherent stability and can it emits about 20% less CO2 per with a maximum range of 840 operate in a maximum altitude passenger-km than new-generation Nm or an out and return trip of of 25,000ft. It features large jets and up to three times less CO2 370 Nm without refueling, both overhead bins including a handrail than older ones. at full passenger payload. Short to facilitate passengers and crew The ATR 42-320 offers and narrow runways, hot and high movement along the cabin and a combination of high overall airports, demanding airfields are the has more windows than rows of performance and comfort unmatched daily environment for ATR 42-320 seats for optimized views, individual in its class, while keeping cost worldwide. reading lights and cabin attendant efficiency competitive. The ATR 42- The ATR 42-320 provides call system along with quiet, 320 secondary structure is extensively passengers with an on-board comfortable and spacious cabins. page 5 engineering DEPARTMENT uddha Air’s engineering department is one of the and type rated there. A new hangar will also be soon largest and strongest in the entire airline industry constructed. B in Nepal with 16 engineers, 29 technicians and 36 For assured effectiveness the department is subdivided corporate staff and serves as the backbone of the company into Maintenance, Maintenance Planning, Workshop, Quality entrusted with the responsibility to maintain each aircraft Assurance, Technical Records, Library, Procurement and in an airworthy condition as stipulated by the Civil Aviation Stores. CAAN, Hawker Beechcraft, Pratt and Whitney Canada, Authority of Nepal (CAAN) and the aircraft operators COSCAP, and ATR regularly carry out audits. manuals provided by the manufacturer. All engineers are Our total spare inventory including workshop amounts provided periodical refresher by aircraft manufacturers to US $ 3.5 Million. page 6 m.i.s. DEPARTMENT he Management Information System division grew for formulating strategies and policies and include: out of the need to face the challenges faced by a Finance and Budget Control, Revenue Accounting, Local Tmodern corporate house. The division is responsible for Reservation, Comparative Market Research, Personal and developing, operating and maintaining technology, software, Payroll, Human Resource, General Inventory, Operation and databases for planning and monitoring departmental and Crew Planning, Engineering Inventory, Engineering and overall performance as well as generating, compiling Planning, and Royal Club Frequent Flier. With the entire and disseminating required information for the management desk staff having access to modern, fast and updated to make decisions. computer systems, information vital to run daily operation The entire system runs on eleven different successfully is at the touch of the fingertips, enabling modules to ensure regular availability of information, mangers to take the correct decisions and have it continuous development and full utilization of businesses implemented effectively. page 7 operation uddha Air started its flight dispatcher from the Civil All type rating and upgrading is operation with one Beechcraft Aviation Authority of Nepal with done at the aircraft manufacturer DEPARTMENT B 1900D, six commanders, the objective of keeping the crew certified six axis simulator in New six co pilots flying out to five updated in respect to the aircrafts. York and Bangkok. We also have destinations within Nepal. a stringent policy of an annual Today the company has four refresher simulator training at Beechcraft 1900D, three ATR 42 All type rating Flight Safety International, La and employs 92 staff members Guardia, New York and ATR’s six in the Operations Department and upgrading axis simulator in Bangkok. All thus eliminating over fatigue of is done at Buddha Air crew members have pilots, one of the major causes instrument rating endorsed in of aviation accidents all over the aircraft their license while cockpit and the world. All commanders have cabin crew members are provided logged in at least 4000 flight manufacturer refresher courses on safety aspects hours in the Beechcraft and certified six of the flight and in providing over 10,000 hours in total. The a comfortable flying experience company has also established and axis simulator to passengers. Our five flight obtained approval of Beechcraft dispatchers hold licenses from 1900 type rating training of in New York and the civil aviation authorities of the flight crew members and Bangkok. Thailand and Nepal. page 8 marketing DEPARTMENT uddha Air is today the leader in domestic civil aviation and everest experience flights. B Surviving today’s cut throat competition would not have been possible without the 124 staff dedicated to the marketing department. Buddha Air marketing department has worked hard to ensure that passengers get the best of service and welcomes feedbacks which are looked upon very attentively. We also regularly interact with tour and travel operators with the objective of making travel as safe, reliable, and comfortable as possible. Our in house trimester publication Buddha Yatra is in its third year with 15000 copies of every issue being distributed around. Yatra also contains a feedback questionnaire, and passenger feedback is promptly acted upon. page 9 Details of Direct & Indirect Tax Period from 1997/98 to 2008/09 finance he Buddha Air finance DEPARTMENT department has withstood the Ttest of time developing and implementing financial policies, strategies, plans and programs, preparing annual revenue and expenditure budgets based on cost analysis, developing financial performance indicators, monitoring, analyzing and reporting financial status and information, collecting sales and handling cash and bank transactions, handling all payments as per the financial policies and rules, maintaining accounts Starting with an initial investment of more than of revenues and expenditures, preparing all required USD 8 million which the company was able to payoff in financial statements, including final accounts, checking six years, Buddha Air today is worth over USD 13 million. sales revenues and control cash value documents of sales In 2007 – 2008 it earned a total revenue of over USD 7 outlets, assessing and settling tax obligations and assist in million. The projected income for 2008 – 2009 is expected conducting internal audit. to cross USD 10 million. For the last 12 years of operation, The finance department is divided into the Revenue Buddha Air has enjoyed a healthy net profit. and Expense division managed by a staff of 32. Each Buddha Air’s clean and transparent audit records division works with its own accounting software keeping the enabled it to receive a loan from the International Finance rest of the management and staff on its toes encouraging Corporation of the World Bank for the purchase of two of them to work even harder to give the best. the three new ATR 42-320. page 10 human res. DEPARTMENT uddha Air has total performance contributing No.