Oman Air gets $650m bailout

At an extraordinary general meeting on 12 April, the carrier revealed that Muscat has increased the company's working capital to $780m from its previous level of $139m. The airline recorded a loss of $109m in 2008 compared with a $10.3m profit in 2007. Company officials blamed high fuel costs during the first half of the year, coupled with the cost of buying new aircraft.