Airline News
Oman Air orders 20 B737s on 4% profit boost
April 13th 2015
Muscat-based Oman Air has ordered 20 current and new generation Boeing 737s, including the MAX variant, as it continues its expansion course from 36 aircraft to 70 around the turn of the decade. Read More » Oman Air will use the new aircraft for both domestic and regional routes around the Persian Gulf, as well as to the Indian subcontinent.
Meanwhile, in financial year 2014, operational losses at state-owned Oman Air Group – which includes several subsidiaries such as catering and ground handling – were reduced 4% year-on-year to 96 million Omani rial ($249 million), reversing a pattern of increasing deficits in recent years. Oman Air does not publish net loss figures.
The man at the helm of Oman Air, previous airberlin chief commercial officer, Paul Gregorowitsch, has given a target date of end-2017 to turn the carrier to profitability. Oman Air hopes to establish Muscat – just like Emirates did with Dubai and Qatar Airways with Doha – as a transfer hub for east-west traffic. As such, passengers flying from Asia will have generally short connection times to Oman Air’s services to London, Paris, Frankfurt, Munich, Milan and Zurich.
