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Nepali Entrepreneur Birendra Basnet from Buddha Air reveals his story

Originally posted in the discussion thread here in Entrepreneurs for Nepal forumsJoin its free group here in Facebook!

Here is a short transcript of the interaction with Birendra Bahadur Basnet, Managing Director of the very successful, and the one of the most reliable Airline in Nepal,  Buddha Air. This happened on 25th November, 2010 as part of the Last Thursdays event co-organized by “Entrepreneurs for Nepal.”


My family background is basically in agriculture and in that respect, I am a first generation entrepreneur (outside of agriculture). The reason behind opening Buddha Air was the creation of wealth. Fourteen years ago, when we were establishing Buddha Air, we didn’t have any equity and hence we started with debt finance. Looking back, the determination that we had fourteen years ago, was the key for the establishment of Buddha Air. Being a middle class family, opening up an airline company was a joke for everybody else. Even our own family made fun of us. They mocked, We didn’t have five thousand rupees in our pocket but we were forwarding a project worth three hundred million rupees. There were

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