Oman Air charts out a strategic plan for 2016
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Oman Air recently held a global conference in Muscat aptly titled – ‘To become the Best’.
The event focused on the airline’s continued expansion and was officially opened by HE Maitha Bint Saif Bin Majid Al Mahruqi, under-secretary Ministry of Tourism and deputy chairman of Oman Air and hosted by Paul Gregorowitsch, chief executive officer of Oman Air.
The event witnessed participation from nearly 400 staff across Oman Air’s growing international network. The conference highlighted a strong vision, objectives and values, and an update on the results for 2015 as well as the way ahead in 2016.
First among objectives is continuation of the airline’s over-riding commitment to safety. Further to positive financial developments of 2015, the third objective is to make money and achieve an operational break-even point by 31 December 2017. Achieving the third objective will, in part, be facilitated by the fourth, to cater for growth.
Significantly, the airline’s financial results for 2015 saw a major reduction of 42% in the airline’s loss per passenger. This was thanks largely to changes in fuel prices. In addition, the government of Oman’s financial support was reduced from OMR 130 million in 2014 to OMR 54 m in 2015.
In the coming year, a further 45% reduction in loss per passenger will be achieved, and government support will be further reduced to OMR 40 m in 2016. Additionally, the airline’s fleet and network expansion programme will continue apace in 2016.
A second frequency will be added to the current daily non-stop service between Muscat and London Heathrow. Oman Air’s Muscat to Paris service will also be increased to offer daily flights throughout the week. Furthermore, a new service from Muscat to China will be launched in July 2016 and services to India will be increased. Services between Muscat and Iran will also be developed further in 2016.
Two new Boeing 787-800s will bring the airline’s Dreamliner strength to four aircraft and addition of four new Boeing 737-800s will further enhance short and medium haul capacity and support network planning.
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