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Oman Air aircraft
financing agreement for B737-800
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Oman Air has recently concluded the loan to finance its acquisition
of a B737-800 aircraft. This financing arrangement, provided by
Barclays Bank PLC and arranged by Barclays Capital, is supported
by the Export - Import Bank (Ex-Im) of USA and has tenure of 12
years.
Oman Air has been able to obtain very attractive terms, especially
in the context of the current industry scenario. Management at Oman
Air attributes this success to its realistic and credible future
plans, which sees the development of Oman Air as the niche regional
career. Ex-Im support has enabled Oman Air not only to benefit from
significantly lower finance cost, but has also given
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boost
to Oman Air in financial circles.
Barclays Capital, one of the largest arrangers worldwide of Export
Credit aircraft financing transactions, is pleased to be involved
in the airline's development, which reflects its ongoing commitment
to Oman.
The financing agreement for US $ 34.248 million was signed by Oman
Air Chief Executive Officer, Abdulrahman Al Busaidy with US Ex-Im
Bank and Barclays Bank in Washington DC recently. April Foley, Member
of Ex-Im Board of Directors and Andre Gazal, Director and Head of
Structured Trade & Export Finance - Americas, signed the agreement
on behalf of Ex-Im Bank and Barclays Bank respectively.
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Oman
Aviation - Flying High
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Oman
Aviation is the very first company in the region to be awarded
the AHS 1000 certificate from International Air Transport
Association (IATA).
After evaluating the quality standard for services provided
to airlines and passengers at Seeb Airport, IATA has awarded
AHS1000 Certificate to OAS as the best handling agent in the
Gulf for compliance with the international ground handling
practices.
As a prerequisite to grant this certificate, programs are
carried out on a monthly basis with a total of 11 airlines
participating to measure our quality services standard in
relation to ground handling, catering, cargo, customer service,
baggage delivery etc . The number of airlines participating
in this survey
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is
subject to increase every month.
Salim Barakat, Division Manager, Oman Aviation said, "The
acquirement of the certificate will help increase and attract
more airlines to use the company’s facilities at Seeb Airport
and also highlight the roll of Muscat as a regional hub in
the international air network. For the time being, Oman Aviation
is providing ground handling services to more than 25 international
and regional airlines.”
“These high standard of services are the outcome of the ambitious
plans adopted by the Management of the Company with the aim
of training the staff and introducing the most advanced technologies,”added
Barakat.
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| Sultanate
of Oman woos Lebanon |
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The
Ministry of Commerce & Industry of the Sultanate
of Oman represented by H.E.Mohsin Bin Khamis Al Balushi,
the Under Secretary for Tourism and Oman Air represented
by Mohammed Mubarak Al Shikely, Senior Manager Marketing
for Oman Air, signed contracts with seven leading Travel
Agents/Tour Operators in Lebanon in order to promote
tourist traffic from Lebanon to the Sultanate of Oman.
Oman Air also launched several attractive packages targeted
at passengers from Lebanon to enable them to enjoy an
unforgettable vacation in Oman. The airline is promoting
the three most popular tourist destinations of Salalah,
Khasab and Kasha in Oman.
Mohamed Al Shikely, Senior Manager Marketing, Oman Air
said that the airline
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has
continued to operate its direct non-stop flights, three
times a week, from Dubai to Salalah as a year round
operation. The flight from Dubai now adds to the convenience
of the two daily flights to Salalah via Muscat. He also
announced the launch of their direct and non-stop flight
from Dubai to Khasab (Musandom Peninsula on the northern
tip of Oman) from 15th October 2003.
Oman Air has also announced that later this year they
would launch their outbound Oman Air Holidays brochure
from the Lebanese Market, which will offer the best
of all the exotic destinations in their network including
Oman and Dubai in the Gulf as well as India, East Africa,
Egypt, Lebanon and Sri Lanka.
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