Oman Air finances two E175s

Oman Air has financed its purchase of two Embraer E175 worth $52mn with a loan from BankDhofar. Oman Air has five of the Brazilian jets on order and will be looking at other local banks to support the purchases. Japeen Shah, chief financial officer of Oman Air, said: “Oman Air invited local banks to bid for this financing arrangement and BankDhofar was selected as it offered the most cost effective solution. This is the second time a local bank has agreed to finance aircraft for Oman Air.”