Oman Air’s Capital Boost 
Plan Gets Approval

MUSCAT - A proposal to raise Oman Air’s capital from RO50 million to RO300 million has been approved by the company’s general meeting.

By (Our Correspondent)

Published: Thu 16 Apr 2009, 12:11 AM

Last updated: Thu 2 Apr 2015, 3:36 AM

“The step aims at enhancing the operational and technical potentials and capabilities of the company to enable it to provide world class service to passengers,” Ahmed bin Abdulnabi Macki, National Economy Minister and Chairman of the airline, said.

He added the losses of the company during 2008, amounting to RO42 million, “resulted from the expansion operations that include purchasing new planes, operating new international routes, raising employees’ salaries and improving support services for aircraft in a bid to be competitive with companies operating in the world travel market.”

More news from Business
In-store shopping regains trust


In-store shopping regains trust

What is happening now is that as Covid-19 cases continue to decline, residents are regaining confidence in in-store shopping. This is according to a Kearney study in which UAE respondents cite convenience (51 per cent), enhanced shopping experience (49 per cent) and competitive pricing (44 per cent) as the main motivators driving them back to brick and mortar stores

Business2 days ago