ALAS Group recently held its annual VIP Conference, this year with a particular focus on climate changes and sustainable development.
ALAS Group welcomes National Airlines to Kathmandu carrying crucial supplies from America to help fight the pandemic in Asia. Executive Vice President from ALAS Group, Mr. Navin Shrestha was there to welcome the American crew.
Economic downturn and low growth continues to threaten global businesses and markets. While the worst appears to be behind us, many challenges are still clouding the horizon as a result of the coronavirus and the current global recession.
In connection with the religious festival of Holi, ALAS Group gave a small contribution to the colourful festivities, by showing support to a local school in Kathmandu, Nepal. The Group has previously donated items...
NASA recently landed their latest rover on Mars making another historic milestone in their search for life beyond our planet. Onboard the rover are seven instruments that will be testing completely new technology and conducting unprecedented science.
We have just completed our financial report for fiscal year 2020, including our executive summary and year-end results, showing visible signs of a weakening economy caused by the pandemic. The group has experienced an increasingly difficult year in most of our business areas.
ALAS Group continues to focus on dedicated transportation for moving passengers and freight. Executive Vice President Navin Shrestha explains: "As we continue to experience major disruptions in the market, ALAS Group has decided to look at the critical gaps to make sure they are supported by feasible solutions..."
Center for Defence, Space & Security was recently awarded the title as Denmark's new national aerospace and defence cluster. Dustin Paul Wilden, who is an active part of Censec's board, has played a partial role in the new national cluster, creating a particular political focus on aerospace and defence.
Economic downturn and low growth have sent last year's expectations into the history books, with no visible health signs to be seen that things will get better soon. Continued aid packages are a necessity to stabilize and support the global economy as well as minimizing further losses on the global job market, creating an even bigger gap between a global recession and a speedy recovery.
ALAS Group and Pike Hydropower have signed a Memorandum of Understanding (MoU) with a view to pursue a collaboration in the renewable energy sector, endorsing the government of Nepal's PPP policy (Public Private Partnership). Chairman of the Group, Dustin Paul Wilden plans to meet with senior members from the Cabinet of Nepal to discuss future PPP related opportunities and investments.
As expected, 2nd quarter has proven to be just as challenging as the 1st quarter of 2020. The aviation industry is still suffering from a serious decline in market demands, forcing most of the industry to downsize their operations in order to stay operational. Massive cutbacks on investments have left OEM's like Airbus and Boeing in a tailspin.
“At this point we see no immediate reason to amend our forecasted projections. However, global disruptions will most likely postpone future investments and our expansion activities. We will have to monitor the situation closely and take the necessary precautions until the situation has stabilized itself.” said Dustin Paul Wilden, Chairman of ALAS Group in a recent interview.
As the coronavirus continues its global invasion, paralysing both global movement and the aviation industry, ALAS Group, which provides leasing and MRO support among a number of other services, reported “stable activity” for Q1 2020. The company said its passenger services saw a “serious decline” from Q4 2019 but a “significant increase for cargo services”. The company interest in its services was especially strong in Asia and the Middle East.
Our plans for an ATO in Nepal has been postponed until we know what the future holds. Right now, and over the next coming months, we expect to see a surplus in personnel from the aviation industry, increasingly slowing down the request for new pilots and cabin crew. We believe the global market will remain saturated until the economy has worked its way out of the current recession, which may take some time.
This will be the first of its kind in Nepal and a two-figured million-dollar investment in Kathmandu, if the stakeholders come to an agreement.
After discussing with both Yogesh Bhattarai, minister of civil aviation and Rajan Pokhrel, director general of CAAN, ALAS Group is in the final stage of deciding to move forward with an ATO in Nepal.