Oman Air trims its financial charts

Oman Air trims expenditures for growth
Oman Air trims expenditures for growth

In an effort to reduce the airline’s expenditure, Oman Air has launched an efficiency programme aptly titled – Shape and Size.

The new programme focuses on substantial reductions in time for new budgets in 2015.

The efficiency programme targets cost reductions across all activities undertaken by the airline without affecting the safety or service standards. The expenditure reduced results to more than OMR 100 million which is targeted to be achieved over three years. This programme once adopted will bring the company to an operational break-even point by end of 2017.

Chief executive officer of Oman Air, Paul Gregorowitsch, said: “The airline contributed almost OMR 420 m to the Gross National Product during 2014. We are also aware that we have to contribute to the infrastructure of the country. Furthermore, and in line with the nation’s Omanisation policy, we are committed to developing the educational and career potential of young Omanis.”

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