Oman Air reports strong gains in 2010
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Oman Air has published its annual report for 2010, showcasing the airline’s impressive growth during the year.Despite reporting a loss of more than $200 million for the year, the airline’s revenues increased 40% and the number of passengers carried rose by 38% to 3.3 million.Much of the loss was attributed to the airline’s ongoing investments in its fleet, technology and infrastructure, and was in line with its overall five-year plan projections.Other highlights included the fact seat factors rose from 61% to 72%, while cargo revenues grew by 238%. The airline added two new A330 aircraft to its fleet in 2010, while eight new destinations were launched.The Annual Report also describes a range of other achievements, which include a 29% increase, from 3.5 million to 4.5 million, in the number of meals served by Oman Air’s catering division; a range of award wins and nominations; new and renewed contracts with leading aerospace enterprises for the supply of engineering services and support; and an enhanced IT platform, network and database, which offers greater capacity and security. After presenting the Annual Report, His Excellency Darwish Bin Ismail Al Bulushi said:”We are delighted to be announcing such positive results for 2010 and I would like to thank my colleagues on the Board, the CEO, Peter Hill, his senior management team and all the staff at Oman Air for the commitment and dedication.”I am particularly pleased that 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. With a workforce that is now 63% Omani, and five and ten-year plans in place for further development, our commitment to all our staff, and to Omanisation, continues unabated.””In addition to that, the policy of injecting considerable investments, with the wise support of the Government, to purchase and equip aircraft and develop the engineering and maintenance services, is considered a strong and sound base for achieving profitability in the future. Therefore, the Government has given Oman Air new financial support worth RO 75 million, increasing the issued share capital of the company to RO 366 million.”
Comments are closed.