Oman Air narrows losses

21 Mar, 2016

State carrier Oman Air's losses narrowed last year and it required less financial support from the government as the airline boosted its capacity, chairman Darwish al-Balushi said on Sunday. Oman Air's losses narrowed 21 percent in 2015 to 86 million rials ($233 million), while its revenues expanded 14 percent to 466 million rials as it took delivery of nine new aircraft and increased its flight schedule. Oman Air has a fleet of 41 planes and plans to expand this to 70 by 2020, according to its website.

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