Salalah: Oman expects as many as four investors to compete for a licence to operate a new low-cost airline to challenge regional carriers flydubai and Air Arabia and lure business travellers and tourists to the Sultanate.
The Public Authority for Civil Aviation (PACA) 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 at the Arab Aviation Summit in Salalah on June 26.
If the licence is awarded to a private company the airline could be listed on a stock market within seven years, he said.
"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 licences, depending on the market. We don't want to flood it, but we don't want to starve it," the PACA chief executive officer said.
Times Of Oman/July 03, 2013
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