Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Oman Air CEO leaving before mass jet influx as new posts beckon  Join our daily free Newsletter

MENAFN - Muscat Daily - 09/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Oman Air chief executive Wayne Pearce said he's leaving the carrier so that a successor can manage a two-year fleet upgrade that will boost capacity almost 50 per cent, and is considering new posts in the industry.


Pearce, an Australian whose departure was disclosed on February 5, will leave on February 28 with Muscat-based Oman Air poised to take 16 more aircraft including its first Boeing 787 Dreamliners through the end of 2015, he said in an interview.


Chief at the carrier since January 2012, Pearce has overseen an expansion into long-haul markets as Oman seeks to establish itself as a premium destination while maintaining short-haul links to South Asian markets. In addition to the 787-8s, the carrier has three Airbus Group A330-300 wide-bodies and 11 single-aisle 737s due in the next two years.


''These plans will be transformational for a carrier with 30 aircraft today - that's why I had to leave now,'' Pearce said by telephone from Switzerland. ''The alternative would have been to stay on for another two or three years.''


Pearce said that he's exploring his future options, with at least of a couple of positionsnder consideration within the airline industry or related sectors. The executive, who has worked at Etihad Airways and Qantas Airways, declined to say if he was likely to remain with a Middle Eastern company.


With eight aircraft due to retire, Oman Air's new arrivals will take the fleet to 38 planes by the end of 2015, with four more jets on order. The carrier, which took its first wide-body in 2008 after previously operating as a regional airline, is also examining further orders for A330s or Dreamliners, most likely the larger 787-9, as well as more short-haul planes.


Pearce said he envisages the aircraft on order being used to build up frequencies while adding a limited number of new destinations, though his successor ''may have other ideas.''


The carrier - which aims to build a 50-strong fleet - is also increasing the seat count by 25 per cent on the A330-300s due for delivery, while refitting planes already in service, resulting in the near 50 per cent gain in overall capacity.


Pearce said his strategy throughout has been to carve a niche for Oman Air in the point-to-point market as the country seeks to develop its tourism industr

 


Muscat Daily




  MENA News Headlines
 Jun 29 2016 - DAMAC awards 25 contracts worth USD0.81bnMENAFN
(MENAFN) DAMAC Properties proclaimed that it awarded 25 construction and consultancy deals value USD0.81bn in H1 of this year.Meanwhile, contract awarded involve the main packages of more than 2,678 ...

 Jun 29 2016 - Government Policies to Drive the Industrial Construction Sector in UAE: Ken ResearchMENAFN Press
(MENAFN Press) • Driven by increasing population growth and supportive government policies, UAE's Industrial Construction Industry has become attractive to investors and thus is expected to ...

 Jun 29 2016 - Egypt's FDI grows by 49.3 percent to USD6.9bnMENAFN
(MENAFN) Egypt obtained 17.3 percent of whole foreign direct investment (FDI) in Arab nations last year, ranking third after the UAE and Saudi Arabia.Moreover, the UAE received USD11bn of FDI, making ...

 Jun 29 2016 - Saudi, Japan to discuss investment into Aramco IPOMENAFN
(MENAFN) Saudi Arabia and Japan will discuss Japanese investment into the planned initial public offering (IPO) of Riyadh-controlled Saudi Aramco.Accordingly, the kingdom exposed plans aimed at ...

 Jun 29 2016 - Tunisia's account balance expands to 1.9 percentMENAFN
(MENAFN) The deficit of the recent account balance widened in Q1 this year to USD 0.79bn or 1.9 percent of GDP against USD 0.62bn or 1.6 percent of GDP in 2015.Moreover, this reflects the sharp drop ...

 Jun 29 2016 - Dubai's ICD profit reaches USD 7.48bnMENAFN
(MENAFN) Investment Corporation of Dubai, or ICD posted a USD 7.48bn net profit for the year ended Dec 31, 2015.Furthermore, ICD is the investment arm of the Gov't of Dubai, which its net profit for ...

 Jun 29 2016 - Saudi foreign assets grow to USD 0.57trMENAFN
(MENAFN) Saudi Arabia's foreign assets increased in May for the first time in 16 months due to an USD10bn loan.Moreover, Saudi Arabian SAMA's net foreign assets jumped 0.1 percent to USD573bn, while ...

 Jun 29 2016 - Elizabeth Arden: Beauty travel kit, the essentials for the summer seasonMENAFN Press
(MENAFN Press) Dubai, UAE, June 28, 2016:Elizabeth Arden’s summer essentials for skincare and beauty compose this season’s ultimate travel kit for a holiday abroad, weekend getaway, or ...

 Jun 29 2016 - Red Hat Unleashes the Power of Linux Containers with Industry's Broadest Solution SetMENAFN Press
(MENAFN Press) DUBAI, UAE, 29th JUNE, 2016 -- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced the availability of the IT industry's most ...

 Jun 29 2016 - Michael Kors Celebrates the Opening of its Largest European Flagship Store on Regent Street in LondonMENAFN Press
(MENAFN Press) WHAT: Michael Kors celebrates the opening of the brand’s newest flagship store located on Regent Street in London. The newly opened store is the largest Michael Kors store in ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help