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Oman Air...budget revision plans

Oman Air launches budget optimisation programme

MUSCAT, January 5, 2015

Oman Air, the national flag carrier of the sultanate, has launched an efficiency programme, entitled Shape and Size, with the aim of achieving substantial reductions in the airline’s expenditure.

The move is timed to coincide with the start of 2015 and the onset of new budgets for the year.

The new programme will target cost reductions across all activities undertaken by the national carrier of Oman without affecting the airline’s safety or the high standards of service offered to valued customers.

A total reduction in expenditure of more than OMR100 million ($259.7 million) should be achieved by Oman Air over the next three years, bringing the company to an operational break-even point by the end of 2017, the airline said.

Paul Gregorowitsch, chief executive officer of Oman Air, said: “We are determined and committed to reshape Oman Air to become a more modern business driven enterprise - one that does not solely rely on financial injections from the government of Oman.”

“Oman Air contributed almost OMR420 million ($1.09 billion) to Oman’s gross national product during 2014. We are also aware that we have to contribute to the infrastructure of the country by serving domestic airports like Sohar. Furthermore, and in line with the nation’s Omanisation policy, we are committed to developing for the future the educational and career potential of young Omanis. These important duties do not, however, constitute an excuse to run the airline as though it is a hobby,” Gregorowitsch said.

“We all have to work hard and to make sacrifices to become an even better, service oriented, but self-supporting airline. We are in business to be customer and profit-driven,” he added.

More than 400 Oman air employees will attend the global event “To become the best” in Muscat on January 15 where they will be briefed on how to contribute more effectively to the development of an efficient, profitable and respected airline, the company said in a statement. – TradeArabia News Service




Tags: Budget | Oman Air |

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