Oman Air To Launch First New Route In Five Years

Fleet optimization is another critical element of the restructuring. By early next year, Oman Air will operate specifically with Boeing 787-9 aircraft for widebody services, and by mid-2026, it will certainly change to a 737-8 fleet for narrowbody procedures.

Speaking at Routes World 2024 in Bahrain, Korfiatis outlined the airline’s vision to end up being financially self-dependent by 2027 as it seeks to attain monetary security and reinforce its role in Oman’s tourism and connectivity growth technique.

Korfiatis acknowledged the airline’s obstacles, keeping in mind that its economic performance has actually been unsustainable in current years. “It’s a 30-plus-year-old airline company which hasn’t changed,” Korfiatis clarified. “We see good outgoing opportunities for Oman, as well as inbound website traffic from Italy, especially throughout our optimal season,” Korfiatis stated.

“The amount of money we were losing on paths was just too expensive,” Korfiatis said. The approach isn’t to become a smaller sized airline company. “Completion game is to reduce, repair the structures, and then return to a growth agenda,” he included.

As component of this technique, Korfiatis announced a brand-new route to Rome, noting its initial new location in five years. The route will certainly release Dec. 20, with four flights per week, contributing to the airline company’s existing service to Milan. “We see good outbound possibilities for Oman, in addition to incoming website traffic from Italy, especially during our peak season,” Korfiatis said.

Korfiatis acknowledged the airline’s obstacles, keeping in mind that its financial efficiency has been unsustainable over the last few years. “It’s a 30-plus-year-old airline company which hasn’t transformed,” Korfiatis explained. “We require to warrant our presence, to gain the right to continue being the flag service provider.”

Oman Air’s focus gets on rebalancing its duty as both a point-to-point provider supporting Oman’s Vision 2040 tourism goals and as a regional transportation hub. Korfiatis claimed that the airline’s historical reliance on transit traffic is anticipated to move in the direction of a 50/50 balance between linking and destination web traffic, lined up with the country’s wider tourism approach.

The restructuring involves substantial decreases in network size and fleet simplification. Previously this year, Oman Air lowered its network capability by 30%, reducing unprofitable courses that can not justify continued procedure.