Oman Air and Cargolux sign Joint Venture agreement
Oman Air has signed a Joint Venture agreement with Luxembourg-based Cargolux Airlines International SA, Europe’s leading freight carrier and one of the top ten freight carriers in the world. The Joint Venture will create new opportunities for both companies in markets around the world.
The agreement was signed at a ceremony which immediately followed the arrival in Muscat on Tuesday 16th April of the first Cargolux flight to operate under the agreement. The ceremony was held onboard the carrier’s B747 Full Freighter which was located in front of Muscat International Airport’s VIP building. The Chief Executive Officer of Oman Air, Paul Gregorowitsch, and the Chief Executive Officer of Cargolux Airlines International, Dirk Reich, were joined by a range of guests, including dignitaries, stakeholders and media representatives. VIPs included His Excellency Darwish bin Ismail bin Ali Al Balushi, Oman’s Minister responsible for Finance and Chairman of Oman Air, His Excellency François Bausch, Luxembourg’s Minister for Sustainable Development and Infrastructure, Mr Paul Helminger, Chairman of Cargolux Airlines International, and Dr Juma bin Ali Al-Juma, Chairman of Oman Airports Management Company (OAMC).
The Joint Venture will enable Oman Air and Cargolux to jointly access new freighter destinations and contribute to the development of Oman’s logistics hub. In addition, it enables Oman Air to further expand its cargo operation and build on the range of cargo initiatives and innovations the airline has introduced over recent years. Furthermore, the agreement will provide Cargolux with access to the belly capacity of Oman Air’s fleet and create new opportunities for freight transportation from Oman’s modern port facilities. It is also anticipated that the Joint Venture will deliver significant benefits for the economy of the Sultanate of Oman.