Oman Air inks deal for financing 2 planes

Oman Air, the national carrier of the sultanate, has awarded a $52 million (Dh191.2 million) financing deal to Bank Dhofar, one of the country's leading banks. The deal, which is structured as a medium-term loan and was carefully fine-tuned to meet the specific needs of Oman Air, will finance the purchase of two Embraer E175 aircraft. The carrier has taken delivery of the two aircraft as a part of a package of five Embraer E175 aircraft it has purchased from the Brazilian manufacturer. The new aircraft will help Oman Air strengthen and further expand its regional and domestic network, it said. "Oman Air is pleased to award this deal to Bank Dhofar, and will continue to invite local banks to participate in similar opportunities in future," chief executive officer Peter Hill said.