Oman Air has completed a significant acquisition by purchasing a 90% stake in SalamAir, Oman’s primary low-cost carrier. This strategic move aims to strengthen the country’s aviation industry in alignment with Oman Vision 2040, which seeks to develop a comprehensive and sustainable aviation ecosystem that supports economic diversification and enhances global connectivity.
The acquisition allows Oman Air and SalamAir to operate as separate brands with distinct service offerings and markets, reinforcing the government’s dual airline strategy. SalamAir will continue focusing on the low-cost segment, while Oman Air maintains its role as the full-service flag carrier, together expanding Oman’s aviation capabilities.
This development is also anticipated to improve financial sustainability within Oman’s aviation sector by streamlining operations and expanding revenue sources, particularly in ground handling and related services. Supported by government backing, SalamAir is expected to further expand low-cost routes, boosting inbound tourism and regional connectivity.
Founded in 2016 and based in Muscat, SalamAir has grown to become Oman’s first low-cost airline, serving routes across the Middle East, South Asia, and East Africa. Oman Air, founded in 1993 and also headquartered in Muscat, provides extensive international and regional flights, positioning Oman as a strategic aviation hub in the region.
The legal counsel from Bird & Bird was led by partner Simon Allport in London, supported by senior associate Will Holder and a team in Singapore, working alongside local legal firm Al Busaidy, Mansoor Jamal & Co., under partner Mansoor Malik.
