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Oman Air Secures $80Mn Loan To Buy Aircraft

Oman Air signed an agreement on 4 February to secure a $80mn loan from Bank Muscat, Oman Arab Bank and Bahrain Arab Bank, the Oman government announced. The loan will be used to buy two Boeing 737 aircraft as the company attempts to enhance its own fleet rather than rent aircraft. Oman Air Chairman, Hamad bin Hashim al-Dhahab, said that the new aircraft would help reduce the companys costs because the planes were...