The story
Fly Yeti was founded in 2007 as Nepal's first low-cost carrier and commenced operations on 20 January 2008. Despite its parent company Air Arabia claiming that the airline had a sufficiently high occupancy, Fly Yeti ceased operations on 16 July 2008 due to political uncertainty in Nepal.
From Wikipedia’s article on Fly Yeti, shared under CC BY-SA 4.0.3