Breaking Travel News

Oman Air reports loss as investment continues

Oman Air reports loss as investment continues

Oman Air has reported a loss of some of 78 million rials for financial 2010, as the carrier seeks to invest in its fleet.

However, the national carrier of Oman saw revenue increase by 40 per cent over the period, while passenger numbers also increased 38 per cent to a total of 3.3 million.

A total of 28,600 tonnes of cargo were carried, with cargo revenue up 236 per cent, while eight new destinations were launched.

Oman Air’s chief executive, Peter Hill, explained: “Oman Air’s results for 2010 are extremely positive and we have witnessed remarkable growth in all areas of our business.

“Despite a challenging year for aviation, we have been able to expand our fleet and our route network, carry more passengers and transport more cargo.”

Oman Air has been nominated as the Middle East’s Leading Airline by the prestigious World Travel Awards, with the winners set to be announced early next month.

“I am particularly pleased our commitment to staff development, including education, training and the appointment of Omani nationals to key positions within Oman Air, has continued to bear fruit,” added Mr Hill.

“With a workforce that is now 63 per cent Omani, and five and ten-year plans in place for further development, our commitment to all our staff, and to Omanisation, continues unabated.”