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FINANCIAL NEWS
Oman Air expects full-year 2012 revenues to climb 30%
27 Dec 2012
(MENAFN) Oman Air has estimated its full 2012 revenue to grow by 30 percent on expanded operations, Reuters reported.
The state-owned carrier said in its 2011 financial report that it generated USD809 million in revenue last year.
CEO Wayne Pearce said that Oman Air is seeking to increase its destinations to 50, up from the current 42, as part of its growth strategy.
Oman Air’s latest destination is Tehran, to which it started to fly in September.
The flag carrier has added two aircraft this year, bringing its total fleet to 28, Pearce said, adding that the company plans to add more in the near future.
Oman Air currently operates 15 Boeing 737s, seven A300s, four Embraer planes and two ATRs.
Oman plans to spend a total of USD14 billion on airport projects, including the construction of new airports in Sohar, Duqm, Ras Al Hadd and Adam.
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