Professional Aviation Publications
MIDDLE EAST NEWS arrow Oman Air to continue with expansion plans in 2009, despite USD111.2 million net loss in 2008

Oman Air to continue with expansion plans in 2009, despite USD111.2 million net loss in 2008

Airline Code [OMA]  View More Oman Air News   
Oman Air to continue with expansion plans in 2009, despite USD111.2 million net loss in 2008
Oman Air forecast it will continue to make losses in the medium term, following a net loss of USD111.2 million for the 12 months ended 31-Dec-09. CEO, Peter Hill stated the carrier will report losses again in 2009 due to the continuation of the global financial downturn and significant investments it plans to make during the period.

Click here for full report.

(c) Centre for Asia Pacific Aviation. Date posted: 19-May-09

In-depth analysis of the Middle East airline and airport sectors, including latest traffic and financial reports and outlooks, is available each month in the Monthly Essential Middle East.

Back
India Aviation - Insights into the world's fastest growing aviation market