Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Incorrect speed record card caused 2024 Nepal plane crash, panel says

    Incorrect speed record card caused 2024 Nepal plane crash, panel says

    Published by Global Banking and Finance Review

    Posted on July 18, 2025

    Featured image for article about Headlines

    By Gopal Sharma

    KATHMANDU (Reuters) -A passenger plane crash in Nepal last year that killed 18 people was caused by faulty information about the aircraft's takeoff speed in the flight documentation, a report issued on Friday by a government-appointed investigation panel said.

    A CRJ-200LR aircraft, owned by Nepal's Saurya Airlines, crashed shortly after taking off from the capital Kathmandu in July last year, killing all 17 passengers and the co-pilot. Only the captain survived.

    The crash was caused by a "deep stall during take-off because of abnormally rapid pitch rate commanded at a lower-than-optimal rotation speed", the report submitted to the government said.

    Aviation expert Nagendra Prasad Ghimire told Reuters the aircraft made a premature takeoff before gaining the necessary speed.

    The report said errors in a speed card - a document that provides important airspeed information for a specific aircraft, particularly during takeoff, climb and landing - had gone unnoticed and the airline had failed to address previous cases of a high pitch rate - the rate at which an aircraft's nose rotates up or down - during take-off.

    It said there had been gross negligence and non-compliance by the operator during the entire process of cargo and baggage handling.

    It recommended all operators review their speed cards and comply with the requirements of cargo and baggage handling.

    The panel also asked the Civil Aviation Authority of Nepal (CAAN) to review the procedure for permitting non-scheduled flights.

    CAAN spokesman Babu Ram Paudel declined comment, saying he had not seen the report.

    Saurya Airlines will do "everything necessary" to implement the recommendations, operation manager Bivechan Khanal said.The crash focused attention on the poor air safety record of landlocked Nepal, which is heavily dependent on air connectivity.

    In 2013 the European Union, citing safety concerns, banned air carriers certified in Nepal from flying the European sky.

    (Reporting by Gopal Sharma, Editing by Timothy Heritage)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe