Gulf's Oman Air seeking further government aid, targets 2024 break-even | Reuters
Oman Air is seeking additional financial assistance from the government and will raise more debt as it recovers from the pandemic, with a target of breaking even in 2024, its chief executive said.
The state-owned Gulf carrier has received government aid during the pandemic but further state support was needed to help cover next year's operational costs, Abdulaziz Al Raisi told Reuters.
He did not disclose how much support had been received so far, or how much more the airline needed.
Al Raisi, who took over as CEO in 2018 after serving in the role in an acting basis, also said the airline has raised debt against non-core aviation assets like hotels, and planned to raise more to cover operational costs.
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