Oman to privatise airline, telecoms company
Both operations would come be part of a broader plan of privatising some 60 companies in which the state holds an interest, he said.
As a first step, Oman Air will be broken up into three companies, one for freight, one for ground services and one for passengers.
"A decision on privatisation will be taken subsequently in light of the results at each of the companies," said Balushi, who is also chair of the airline.
In 2012, Oman Air's loss narrowed to OMR97m (rials) ($251.2m/€182.4m) from $285m a year earlier.
Turning to Omantel, in which the government holds a 70% stake, Balushi said the plan is to offer 9.5% to Omani investors on March 27. That would be on top of an equivalent amount sold in February.
The sale of the combined 19% of the company is expected to generate 140m rials for the public coffers.
Source: AFP, via I-Net Bridge
Source: I-Net Bridge
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