Nepal plane crash kills all 22 on board



KATHMANDU, Nepal // All 22 passengers and crew on board a small passenger plane that crashed in a mountainous area in eastern Nepal were killed, police said on Thursday, after a rescue team reached the site.

The Twin Otter plane carrying three crew and 19 passengers including one American smashed into a mountainside shortly after taking off from a small airstrip 140 kilometres east of Kathmandu on Wednesday afternoon.

"We have recovered 20 bodies. We are still searching for the other two, but we can be sure there are no survivors," police spokesman Bigyan Raj Sharma said.

"The aircraft has broken up completely and is scattered over 200 metres of dense forest."

It isn't yet known what caused the Tara Air plane to crash.

Sharma said the bodies of the victims would be flown by helicopter to Kathmandu later on Thursday.

The US embassy in Kathmandu confirmed one person aboard was an American citizen, and said it was in contact with the man's family.

The other passengers were initially thought to have been Nepalese, but media reports suggested they might have been Bhutanese pilgrims who claimed to be locals to qualify for a cheaper air fare.

This couldn't immediately be confirmed, but Sharma said identity documents from Bhutan had been found at the crash site.

Khotang, the remote district in eastern Nepal where the plane took off, isn't a major tourist destination, but it is home to two sites of religious significance--a Hindu temple and a Buddhist monastery.

Air travel is popular in Nepal, which has a limited road network. Many communities, particularly in the mountains and hills, are accessible only on foot or by air.

Aviation accidents are relatively common, particularly during the summer monsoon, when visibility is usually at its worst.

Last month a helicopter crashed near Mount Everest during a mission to rescue two stranded climbers, killing the pilot and an engineer.

In August, a plane headed for the Everest region crashed in bad weather killing all 14 people on board, including four Americans, a Japanese person and a UK national.

An investigation blamed the crash on a power failure. It said the plane's generator failed, and the pilot didn't follow the proper procedures to conserve the remaining battery power.

Tara Air is a subsidiary of Yeti Airlines, a privately owned domestic airline founded in 1998 which runs a service to many remote destinations across Nepal.

Yeti's last major accident was in 2008 when a passenger plane crashed on landing at Lukla airport, the gateway to Mount Everest, killing all 19 people on board, most of them German tourists.

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All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

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