Oman Air to enter deep restructuring to turn around losses

Oman Air is planning to undergo a restructuring programme to streamline the company’s losses and reduce debts. “The programme is based on a study by Oliver Wyman that assessed the airline’s financial and commercial performance, and recommended measures for sustainable commercial operations,” the airline said in a statement. The comprehensive programme will spread across span of over three to four years. “Oman Air will restructure with the aim of improving its basic operational performance and enabling it to better meet the needs of the market,” the airline said, citing Saeed Al Mawali, Minister of Transport, Communications and Information Technology, and