Joint venture agreed between Cargolux and Oman Air

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Cargolux and Oman Air have started a joint venture aimed at helping Oman Air grow its cargo operations and develop the Sultanate’s logistics hub.

The agreement was signed on 16 April, on board a Cargolux Boeing 747 Freighter, at Muscat International Airport. The airlines say the joint venture will give access to more freighter destinations, and allow Oman Air to expand its cargo operations. The airlines also say it will help grow the economy of the Sultanate of Oman.

Oman Air chief executive officer (CEO), Paul Gregorowitsch (seen sitting at the table on the right in the picture above), says: “This will be the first full freighter service to have been launched from Oman and it will enable us to jointly deploy significant and commercially attractive freighter capacity throughout Oman Air’s network.” He adds: “This joint venture will bring significant economic benefits for the Sultanate of Oman.”

Cargolux CEO, Dirk Reich, says that the  joint venture with Oman Air will bring important benefits for his airline’s customers in Oman. Those benefits include,  fast and reliable connections across the Gulf carrier’s worldwide network. Reich explains that it will help Cargolux expand services from Oman to China, Europe, Africa and the US.

He says: “The joint venture will give Cargolux the opportunity to utilise Oman Air’s experience of flying to 11 destinations in India, as well as to East Africa.” Cargolux says it intends to expand its Oman flights with a number of weekly onward connections to India, including Chennai, Bombay and Hyderabad.

The ceremony on 16 April was attended by Oman Air’s chairman and government minister for finance, Darwish bin Ismail bin Ali Al Balushi, Cargolux chairman, Paul Helminger, Luxembourg’s minister for sustainable development and infrastructure, François Bausch (seen sitting at the table  on the left in the picture above), Gregorowitsch, Reich, and Oman Airports Management Company chairman, Juma bin Ali Al-Juma.

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