Oman Air and SATS have signed a joint venture for cargo handling at Muscat International Airport to commence operations during the second quarter of 2016.
The joint venture company will be renamed Oman SATS Cargo, and Oman Air will transfer its cargo handling business to Oman Air Cargo, with SATS acquiring 165,000 shares from Oman Air at one Omani rial each ($2.59). Oman SATS Cargo will provide a single source of cargo handling services at the existing cargo facility and then at the new state-of-the-art terminal at Muscat International Airport.
Oman Airs chief executive officer, Paul Gregorowitsch says: “The joint venture with SATS is one of our initiatives intended to prepare for the growth in airline operations in the coming years as well as secure a quality improvement in the services provided to our cargo customers.”
“With SATS as our partner, we also believe that the subsequent growth of the new company will result in increased employment and career development opportunities for Omani citizens.”
SATS president and chief executive officer, Alex Hungate says: “This strategic partnership with Oman Air will enhance connectivity for our cargo customers across Asia and strengthen Oman’s position as a transit hub. We also see opportunities to develop cold-chain handling capabilities and promote carriage of premium and temperature-controlled airfreight for Oman Air and other carriers.”