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Muscat: Addressing media representatives in the course of the third media assembly specializing in Oman Air’s transformation plan, His Excellency attributed these optimistic outcomes to the diligent implementation of the second part of the corporate’s transformation program. Noteworthy initiatives, initiated since March 2023, included strategic alterations in flight locations for the winter season of 2023. These modifications led to a discount in flights alongside particular routes with out resorting to route closures, grounding plane, or asset gross sales.
His Excellency highlighted the cessation of pointless expenditures throughout varied firm departments, resembling sponsorships, alongside reductions and cancellations of superfluous service contracts. Impressively, Oman Air concluded the fiscal 12 months 2023 with out securing further financial institution loans or authorities ensures.
Looking forward to 2024, Oman Air is poised to enact substantial modifications to additional improve monetary and operational performances. These modifications embody route community restructuring and flight schedule changes set to begin in April 2024.
Furthermore, Oman Air plans to modernize core industrial and income actions to bolster competitiveness and appeal to vacationers. It will contain leveraging cutting-edge instruments and revising agreements with associate firms by means of worth evaluations and diligent follow-ups.
In a bid to strengthen international partnerships, the airline goals to forge new agreements with worldwide carriers based mostly on quantitative analyses. Concurrently, they’ll set up strong pricing mechanisms and controls to make sure honest advantages whereas rationalizing bills and prices throughout varied operational domains.
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