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.”


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