if you see the full article, you see a lease rate of $11,000 per hour.
The following is crossposted from
www.insn.org: $11,000 per flight hour sounds decent until you calculate just how much time the plane will sit on the ground on such a trip!
Let?s estimate flight times:
Kathmandu - Dhaka - Kathmandu 2 hours
Kathmandu - Tunis, Tunesia ~ 8 hours
Tunis - Bujumbura, Burundi ~ 4 hours
Bujumbura - Lagos, Nigeria ~ 4 hours
Lagos, Nigeria - Cairo ~ 5 hours
Cairo - Kathmandu ~ 7 hours
??-
total flight hours ~ 30 hours
DURING 20 DAYS!
so he?s going to pay RNAC $ 330,000 for 20 days.
? or rather, he?s going to steal that from tax payers and give it to RNAC.
In the meantime, what is RNAC losing?
Let?s say the aircraft averages 10 hours a day
(KTM-DEL-KTM 2 hours + KTM-KUL/DXB/HKG-KTM 8 hours).
Assuming that tickets cost roughly $ 50 per passenger per flight hour, and RNAC is on average able to 160 out of the 190 seats?
Then its revenue would be about $8,000 per flight hour, or about $80,000 per day.
Over 20 days, that would be about US$1,600,000.
That is what RNAC is giving up in exchange for $330,000.
A LOSS OF almost US$ 1.3 MILLION = NRs. 10 crore!
Now add to that the cost to the tourism industry, and the cost of the loss of reputation for RNAC!
Why the heck can?t he just take commercial flights?
Even if he flew business/first class, he and the queen and 8-10 necessary delegates would be able to do all the travel for not mmore than US$ 100,000.