Oman is reportedly keen to set up a new low cost carrier to rival the UAE’s flydubai and Air Arabia and Kuwait’s Jazeera Airways, with up to four investors to compete for the new licence.
The Public Authority for Civil Aviation (PACA) said the licence may be awarded to a local Omani private company or a subsidiary of state-owned carrier Oman Air, PACA chief executive officer Salim Al Aufi told the Times of Oman newspaper.
Al Aufi also said the winning bid could be listed on a stock market within seven years, he said.
"Over the next two to three years, the aviation business in Oman will change completely, I'm absolutely certain," Al Aufi was quoted as saying. "Our own study will determine if we need one or two licences, depending on the market. We don't want to flood it, but we don't want to starve it."
Low-cost carriers currently represent around seven percent of Oman's aviation market, led by foreign carriers such as Dubai-based flydubai, Air Arabia and India's Indigo, according to Al Aufi.
06/07/13 06/07/13 Shane McGinley/Arabian Business
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The Public Authority for Civil Aviation (PACA) said the licence may be awarded to a local Omani private company or a subsidiary of state-owned carrier Oman Air, PACA chief executive officer Salim Al Aufi told the Times of Oman newspaper.
Al Aufi also said the winning bid could be listed on a stock market within seven years, he said.
"Over the next two to three years, the aviation business in Oman will change completely, I'm absolutely certain," Al Aufi was quoted as saying. "Our own study will determine if we need one or two licences, depending on the market. We don't want to flood it, but we don't want to starve it."
Low-cost carriers currently represent around seven percent of Oman's aviation market, led by foreign carriers such as Dubai-based flydubai, Air Arabia and India's Indigo, according to Al Aufi.
06/07/13 06/07/13 Shane McGinley/Arabian Business
