Oman Air recorded a net loss of RO86 million ($223 million) in 2015, a 21.2% improvement over 2014. Full-year revenue rose 14.1% to RO466 million. The national carrier has been consistently loss-making, but is aiming to achieve breakeven at the operational level by the end of 2017. A major reason for the losses has been a steady expansion of the airline’s fleet, which stands at around 40, but is planned to reach 70 by 2020 as outstanding orders for Boeing 737s and 787s are ...

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