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
 Nov 29 2015 - Middle East ready for increase in air passenger trafficMENAFN
(MENAFN) The UAE, Qatar, Saudi Arabia, Egypt and Jordan are ready to accomplish a strong 4.9 percent growth in air passenger traffic.The gulf nations will all enjoy strong increase of 5.6 percent, ...

 Nov 29 2015 - MSM Index Drops 127 Points Last WeekQatar News Agency
(MENAFN - Qatar News Agency) Muscat Security Market (MSM) index closed at 5668 points, down by 127 points, constituting 2.2%, down for the fourth consecutive week. The sectoral indices declined, ...

 Nov 29 2015 - German State Aims for 4 Billion-Euro Exports to Saudi Arabia by 2020Qatar News Agency
(MENAFN - Qatar News Agency) The German State of Baden-Wurttemberg will strive to attain over 4 billion euros exports to the Kingdom of Saudi Arabia by 2020, a goal that will double the current ...

 Nov 29 2015 - UAE, Jordan Sign MoU to Enhance Joint Efforts in SMEs and InnovationQatar News Agency
(MENAFN - Qatar News Agency) The UAE Ministry of Economy and the Jordanian Ministry of Industry, Trade and Supplies, have signed a Memorandum of Understanding to increase cooperation between the two ...

 Nov 29 2015 - Militias Fighting Kills 19 in SomaliaQatar News Agency
(MENAFN - Qatar News Agency) At least 19 people were killed Saturday in fighting between rival militias in central Somalia, officials and residents said. The fatalities in the town of Galkayo ...

 Nov 29 2015 - Clashes Erupted between Police and Migrants on Greece-Macedonia BorderQatar News Agency
(MENAFN - Qatar News Agency) Clashes between riot police and migrants angry at being prevented from entering Macedonia from Greece have left up to 40 people injured. Macedonian soldiers raised a new ...

 Nov 29 2015 - Palestinian Shot Dead after Alleged Stabbing AttackQatar News Agency
(MENAFN - Qatar News Agency) A Palestinian was shot dead early Sunday by Israeli soldiers at the entrance of the old city of Jerusalem after allegedly stabbing and injuring an Israeli police . The ...

 Nov 29 2015 - Jordan's Border Guards Receive 51 Syrian RefugeesQatar News Agency
(MENAFN - Qatar News Agency) A total of 51 Syrian refugees from various age groups, entered into the Kingdom of Jordan through various crossing points during the last 72 hours. The Jordanian border ...

 Nov 29 2015 - Qatar- Economy Ministry Recalls 2011-2014 Models of Several Car BrandsQatar News Agency
(MENAFN - Qatar News Agency) The Ministry of Economy and Commerce has announced the recall of 2011-2014 models of Dodge, Chrysler, Jeep, Charger, Challenger 300c and Grand Cherokee, due to a ...

 Nov 29 2015 - Qatargas Shipping Department Wins Prestigious British Safety Council AwardsQatar News Agency
(MENAFN - Qatar News Agency) For the second consecutive year, Qatargas' Shipping Department has won two prestigious awards from the British Safety Council for its commitment to achieving excellent ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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