Sunday, July 16, 2017

No plans to expand, invest in India: Oman Air

Muscat: Oman Air will not expand its operations to India or buy a stake in Air India, under current circumstances, an official from Oman Air has confirmed.

It was reported that Oman Air was likely to invest in the Indian carrier if the open skies agreement was worked out between the two countries; however, with troubled times for the aviation industry, the plan has been put on hold, along with the scheme to increase operations to India.

“We have no plans to extend, unless entitlements are further increased for specific domestic airports,” Paul Gregorowitsch, chief executive officer (CEO) of Oman Air told the Times of Oman when asked about expanding operations to India.

He stated that there was “no appetite to invest in foreign airlines,” implying that there was no plan to invest in Air India.
16/07/17  Syed Haitham Hasan/Times of Oman