Airline
Oman Air increases capital
April 4- Oman Air has increased its capital to $1.3 billion (about 67 per cent) and will add new destinations this year, said Peter Hill, the airline’s CEO. He added that this year is going to be difficult for the airline. "Looking forward to 2010, I am under no illusion that this again will be yet another tough year for the aviation industry worldwide, and for Oman Air in particular,” he added.
The airline is slated to fly to eight new destinations this year, said Ahmad bin Abdul Nabi Mekki, Minister for Economy. He said that while the global financial crisis affected Oman Air in 2009, “we are confident that over a period of time when the airline has established its presence in the industry and its network has matured, we will see positive returns on investment." The news destinations include Milan, Kuala Lumpur, Kathmandu, Dar es Salaam, Islamabad, Lahore, and the UAE cities of Al Ain and Ras al Khaimah.
The airline posted a loss of $109 million in 2008 hopes to return to profit by 2014, said Hill.
More Airline
Latest Travel News
Featured Sights To See
Arts Center
Christchurch, New Zealand
A gothic stone building, Arts gallery is a show ground for a number of subjects operational in Christchurch such as the crafts market, the produce market and daily exhibitions from over 40 artists in various outlets. The center is famous for quality handicrafts, leather and wood goods and a visit to Ernest Rutherford's den is rated high on the interesting things to do in the Arts Center. Admis...
Roman Amphitheater
Amman, Jordan
The amphitheater in downtown Amman is the most magnificent remnant of Amman's Roman past. It was built around 170AD at the height of the Roman empire, when Amman was known as Philadelphia. The capacity is upwards of 6,000. Amphitheaters were the heart of Roman civic life. Citizens would gather there to watch plays and discuss politics. The Nymphaeum, an impressive Rom...
Rialto Cinema
Casablanca, Morocco
Rialto Cinema, which still functions as a movie house, is a delight to visit with its gaudily painted art deco both inside and out. Address: Corner of rue Mohammed el Quorri and rue Salah Bouchaib, Casablanca Tel: 022 262 632 ...
Al Maqta Fort
Abu Dhabi, United Arab Emirates
The Al Maqta Fort is over 200 years old. It has been extensively renovated over the years and stands majestically at the edge of the island. It was built to keep bandits at bay. One of the few forts remaining in Abu Dhabi, this provides a fascinating contrast to the modern bridge. ...