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Sunday, February 14, 2016

Oman Air buys Heathrow slots for record $75m


MUSCAT: Feb. 14: Oman Air has set a record by paying $75 million for a pair of take-off and landing slots at Heathrow Airport in London. According to a newspaper report in London, the national carrier of the Sultanate is understood to have bought the pair — which includes a highly prized early morning arrival — from Air France-KLM. 

The price beats the $60 million (£40 million) paid by American Airlines for a slot a year ago, bought from the Scandinavian carrier SAS. Air France also sold a slot for a lower price to Emirates, giving the Gulf airline six daily flights to Dubai from the London airport. The Oman acquisition — which will be used for a 5.30am arrival from Muscat — underlines the appeal of the congested airport to international airlines.

Slots at Heathrow have been changing hands for increasingly hefty sums in recent years as American carriers fight for lucrative transatlantic trade and fast-growing Gulf airlines look to funnel passengers through their Middle Eastern hubs. 

In January, the Abdulrahman bin Harith al Busaidy, Chief Operating Officer of Oman Air, said that a second frequency would be added to the carrier’s current daily non-stop service between Muscat and London Heathrow from March 27. 

To cater to passengers travelling onwards to across the Atlantic, flights will leave Muscat at 1 am and arrive in London at 5.30 am. The return flight will leave at 8.30 am and arrive in Muscat at 7 pm. Oman Air’s Muscat to Paris service will be increased to offer daily flights throughout the week.


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