Company Insights Oman Air Aviation Oman Air Overview Oman Air, the flag carrier of Oman, operates from Muscat International Airport, offering domestic, international, regional air taxi, and charter flights. Originally a founding shareholder in Gulf Air, Oman exited in 2007 to focus on its own airline. It began in 1970 as Oman International Services, a ground-handling provider, which expanded into aircraft engineering and in-flight catering, becoming a joint-stock company in 1981. Oman Air officially launched in 1993 with its first flight to Salalah in southern Oman and soon began international services, starting with Dubai. Following recapitalisation in 2007 the Omani government increased its ownership in Oman Air to 80 percent, launching long-haul flights to London and Bangkok. Since then Oman Air has expanded its fleet and was the first airline to offer in-flight mobile and wifi connectivity in 2010. It plans to join the Oneworld alliance by mid-2025. In 2023 Oman Air announced it was undergoing a restructuring process to reduce ongoing losses and debt accumulation. This includes re-evaluating its network and assessing whether to still fly to certain destinations. Oman Air News Aviation SalamAir adds planes and routes in Oman tourism drive Oman’s only low-cost airline, SalamAir, plans to double its fleet size and almost treble passenger numbers over the next three years, its CEO has told AGBI. Adrian Hamilton-Manns said SalamAir’s fleet would increase from 13 Airbus planes today to 25 aircraft in 2028. It is aiming for annual passenger numbers of 8.5 million in three […] March 4, 2025 Aviation Oman Air cuts fleet size by 29% to reduce losses Oman Air, the Gulf state’s flag carrier, last year cut its fleet size by 29 percent year on year to 32 aircraft, lowering its operational cost as part of its turnaround strategy. The airline carried 5.4 million passengers, down 13 percent year on year. Annual Ebitda rose by 40 percent to OR24 million ($62.2 million), […] January 27, 2025 Opinion Tourism Oman hopes tourism can foster entrepreneurship and create jobs The sultanate has only recently begun to use its history as an economic attraction January 16, 2025 Analysis Aviation Middle East airlines expected to ride out delivery delays Aircraft delivery delays will continue to dog Middle East airlines in 2025, according to the International Air Travel Association (Iata). The issue will have little bearing on the bottom line, however, and the industry is expected to continue growing regardless. Globally, Iata forecasts that 1,802 aircraft will be delivered over the next 12 months, down […] December 24, 2024 Trade Oman-China trade value hits $15bn Bilateral trade between Oman and China increased by 8 percent year on year in the first five months of 2024, reaching more than $15 billion, according to local media. Officials said during an Omani-Chinese friendship forum in the southern city of Salalah that the major joint projects with China currently being implemented in Oman are […] August 9, 2024 Video length: 04:49 VIDEO Aviation ‘It’s survival of the fittest’, says Oman Air CEO Oman Air is continuing to reduce its losses and increase revenue, but its new CEO believes that adding more airlines to the market would not be sustainable. “There’s certainly a huge amount of aircraft coming to this region,” said Con Korfiatis, CEO of Oman Air, speaking at Arabian Travel Market in Dubai in May a […] June 12, 2024 Aviation Oman seeks investors for new low-cost airline Oman plans to launch a new low-cost airline amid a global tourism rebound and the continued expansion of the Gulf state’s aviation sector. In a post on the social messaging platform X (formerly Twitter), the country’s civil aviation authority (CAA) announced an investment opportunity for a new low-cost airline operator in the sultanate. No further […] May 29, 2024 Analysis Aviation Qatar dazzles as Middle East aviation picks up pace The Middle East’s aviation sector is growing at twice the global rate and is expected to offer 257 million passenger seats this year, according to a new report. Not so long ago major airlines viewed the Middle East as a place to get cheap fuel on their way from Europe to South East Asia. Now […] May 8, 2024 Aviation Oman Airports profit up 45% in 2023 on higher revenue The combined net profit of Oman Airports surged 45 percent to OR18.5 million ($48 million) in 2023, compared to almost OR13 million in 2022. Consolidated revenue increased by 39 percent year on year to OR150 million last year, as subsidiaries reported higher income. Oman Airports Management Company generated over OR124 million, Oman Ground Handling contributed […] April 9, 2024 Aviation Revenue up at Oman Air but pressure still on, say experts Oman Air has posted increased revenues for the past year but the sultanate’s flag carrier still faces difficult times ahead, aviation industry experts say. The heavily indebted airline launched a restructuring process last August in an attempt to balance the books within the next four years. Oman Air’s net losses in 2023 fell by 36 […] April 2, 2024 Posts navigation 1 2 3 Next
Aviation SalamAir adds planes and routes in Oman tourism drive Oman’s only low-cost airline, SalamAir, plans to double its fleet size and almost treble passenger numbers over the next three years, its CEO has told AGBI. Adrian Hamilton-Manns said SalamAir’s fleet would increase from 13 Airbus planes today to 25 aircraft in 2028. It is aiming for annual passenger numbers of 8.5 million in three […] March 4, 2025
Aviation Oman Air cuts fleet size by 29% to reduce losses Oman Air, the Gulf state’s flag carrier, last year cut its fleet size by 29 percent year on year to 32 aircraft, lowering its operational cost as part of its turnaround strategy. The airline carried 5.4 million passengers, down 13 percent year on year. Annual Ebitda rose by 40 percent to OR24 million ($62.2 million), […] January 27, 2025
Opinion Tourism Oman hopes tourism can foster entrepreneurship and create jobs The sultanate has only recently begun to use its history as an economic attraction January 16, 2025
Analysis Aviation Middle East airlines expected to ride out delivery delays Aircraft delivery delays will continue to dog Middle East airlines in 2025, according to the International Air Travel Association (Iata). The issue will have little bearing on the bottom line, however, and the industry is expected to continue growing regardless. Globally, Iata forecasts that 1,802 aircraft will be delivered over the next 12 months, down […] December 24, 2024
Trade Oman-China trade value hits $15bn Bilateral trade between Oman and China increased by 8 percent year on year in the first five months of 2024, reaching more than $15 billion, according to local media. Officials said during an Omani-Chinese friendship forum in the southern city of Salalah that the major joint projects with China currently being implemented in Oman are […] August 9, 2024
Video length: 04:49 VIDEO Aviation ‘It’s survival of the fittest’, says Oman Air CEO Oman Air is continuing to reduce its losses and increase revenue, but its new CEO believes that adding more airlines to the market would not be sustainable. “There’s certainly a huge amount of aircraft coming to this region,” said Con Korfiatis, CEO of Oman Air, speaking at Arabian Travel Market in Dubai in May a […] June 12, 2024
Aviation Oman seeks investors for new low-cost airline Oman plans to launch a new low-cost airline amid a global tourism rebound and the continued expansion of the Gulf state’s aviation sector. In a post on the social messaging platform X (formerly Twitter), the country’s civil aviation authority (CAA) announced an investment opportunity for a new low-cost airline operator in the sultanate. No further […] May 29, 2024
Analysis Aviation Qatar dazzles as Middle East aviation picks up pace The Middle East’s aviation sector is growing at twice the global rate and is expected to offer 257 million passenger seats this year, according to a new report. Not so long ago major airlines viewed the Middle East as a place to get cheap fuel on their way from Europe to South East Asia. Now […] May 8, 2024
Aviation Oman Airports profit up 45% in 2023 on higher revenue The combined net profit of Oman Airports surged 45 percent to OR18.5 million ($48 million) in 2023, compared to almost OR13 million in 2022. Consolidated revenue increased by 39 percent year on year to OR150 million last year, as subsidiaries reported higher income. Oman Airports Management Company generated over OR124 million, Oman Ground Handling contributed […] April 9, 2024
Aviation Revenue up at Oman Air but pressure still on, say experts Oman Air has posted increased revenues for the past year but the sultanate’s flag carrier still faces difficult times ahead, aviation industry experts say. The heavily indebted airline launched a restructuring process last August in an attempt to balance the books within the next four years. Oman Air’s net losses in 2023 fell by 36 […] April 2, 2024
