A US$1.8bn improvement at the new Muscat airport, which entails the building of a 580,000sq m terminal, is set to open on March 20. While some 14mn individuals passed via the present airport final year, up 17 per cent on 2016, the project will initially increase annual passenger capacity to about 20mn.
A 4-phase expansion schedule has been outlined for the terminal, which will see capacity rise to 48mn when all building is completed.
Oman Air on its component is stepping up investment, announcing the arrival of a new fleet of aircraft, routes to North Africa and Europe, and an expansion of current solutions as component of a method to help development in tourism and logistics, according to the most recent Oxford Business Group (OBG) report.
In February, Oman Air announced 3 new routes as component of its expansion plans, with flights to Casablanca, Istanbul and Moscow to commence in June, July and October, respectively. The announcement follows the launch of flights to Manchester and Nairobi final year. The airline is also seeking to strengthen its position in the Indian industry and aims to a lot more than double its flights. It is exploring the feasibility of beginning flights to new routes like Ahmedabad, Kolkata and Mangalore. It is component of a method that aims to expand the airline’s footprint to 39mn passengers by 2030.
To accomplish this objective, the carrier has invested in a new fleet of aircraft, unveiling the arrival of a Boeing 737 Max in February. The 737 Max is the very first of 30 it has bought from Boeing. A additional 5 are scheduled for delivery this year, with the remainder to join the fleet in the coming years.
To expand extended-haul capacity and target a lot more destinations in Europe and East Asia, in December 2017 the carrier also bought a single Boeing 787-9 Dreamliner 4 a lot more are anticipated for delivery in 2018, stated the OBG report.
The investment becoming channelled into Oman Air is central to the sultanate’s wider plans to spur tourism development in line with its ninth 5-year improvement program, covering the 2016-20 period.
It covers the broader financial diversification method, which identifies tourism and logistics, along with manufacturing, as 3 sectors with powerful expansion possible.
Information Source: Muscat Daily