As reported in the Khaleej Times, Oman expects as many as four investors to compete for a license to operate a new low-cost airline.
Oman's Public Authority for Civil Aviation may award the contract either to a local private company or a subsidiary of state-owned carrier Oman Air, PACA chief executive officer Salim Al Aufi told reporters.
"Over the next two to three years, the aviation business in Oman will change completely, I'm absolutely certain," Al Aufi said. "Our own study will determine if we need one or two licenses, depending on the market. We don't want to flood it, but we don't want to starve it." Oman, which has a population of 3 million people, is developing its tourism infrastructure to support economic growth that is expected to slow to 3.9 per cent in 2014, compared with 4.4 per cent this year, according to the median estimate of economists surveyed by Bloomberg.
Four investors compete for new low-cost airline licence in Oman
