GulfBase Live Support
25/01/2015 07:53 AST
A Global conference of Oman Air staff held recently in the auditorium of the Public Authority for Civil Aviation in Muscat has given ambitious proposals for growth and prosperity a warm welcome.
The proposals were set out by Chief Executive Officer Paul Gregorowitsch, and provided a centerpiece for the event, whose theme was ‘To become the Best’. They included the continuation of Oman Air’s ambitious expansion strategy, together with the launch of a stringent efficiency program, entitled ‘Shape and Size’. This will see the airline make cost savings of RO 100 million over the next three years, resulting in Oman Air achieving profitability by the end of 2017.
The conference saw staff from around the world converge on the Omani capital to hear presentations from a range of dignitaries and senior managers.
The event was opened by Darwish bin Ismael Al Balushi, the Minister Responsible for Financial Affairs and Chairman of the Board of Directors of Oman Air. He said “the 10 year strategy of Oman Air has been prepared, and has been thoroughly evaluated and assessed. It focuses mainly on fleet and network expansion, and on boosting revenues so as to reach breakeven and hence attain profitability. At the same time, we will continue to provide the very best, highly distinguished services and ensure that our valued customers remain our top priority.”
Chief Executive Officer Paul Gregorowitsch gave the keynote presentation. Explaining that profitability has always been an aim for Oman Air, he said the time has now come for Oman Air to stop relying on the government for Oman’s financial backing.
“With the start of 2015, we have set new financial targets for Oman Air. Whilst these are more challenging than in previous years, our vision, objectives and values remain the same. Our Vision – and the theme of this conference - is “To Become the Best”, he said.
“Our objectives are to be a safe airline, to be the airline of First Choice, to make money by increasing revenues and reducing costs, to cater for growth as set out in our 10 year plan, and to contribute to the development of the Sultanate. And our values are trust and respect, transparency and integrity, taking responsibility, team work, and fun.”
Saudi Gazette
05/04/2018
Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa
Arab News
05/04/2018
In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.
A massiv
Arab News
05/04/2018
Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices
The National
05/04/2018
Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re
Times of Oman
05/04/2018
Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i
The Peninsula