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Oman Air to return to profitability by 2014

15-Mar-2010 1:09 PM

Oman Air CEO, Peter Hill, stated the carrier’s 2009 loss is “roughly within” what was expected, while it aims to return to profitability by 2014 (Reuters 14-Mar-2010).  The carrier reported a loss of USD109.1 million in 2008. On fleet, Mr Hill added there could be a case for A330s if the long-haul business “starts to take-off again”. The carrier currently operates a fleet of 21 aircraft, comprising four A320s and 15 B737s. It has orders for 17 aircraft, including A330-300s and six B787s. Oman Air’s first B787 is expected in 2014.

Oman Air:
The focus is now on being self-supporting, paying back the government its funding and showing that you can run a profitable airline, even if it is a government-owned one, in that region. For 2009, the figure is roughly within what we thought wed be losing. If long-haul business starts to really take off again, there could be a case for more A330s. But at this stage there are no plans,” Peter Hill, CEO. Source: Reuters, 14-Mar-2010.