A new airline serving Nepal’s capital is set to launch on October 28 following a deal between Nepalese and Chinese investors. Kathmandu-based Himalayan Airlines is to be 49 per cent owned by Chinese carrier Tibet Airlines and 51 per cent by Himalayan Infrastructure Fund Aviation Investment and Yeti World Investment. Formerly known as Yeti Air, Himalayan’s first flights will either be to Lhasa, Tibet or Chengdu, China, using A320 aircraft. Tibet Airlines, which operates nine A320s, will provide technical, marketing and managerial support. Investment in the new carrier is planned to increase up to $1.5bn over the next five years, after which time its owners hope it will be operating 15 aircraft.