Gulf Air was initially founded as a private share holding company, named Gulf Aviation, by an English pilot Freddie Bosworth. The airline launched its services in 1950. The following year, British Overseas Airways Corporation (BOAC) bought 22% stake in the company, thus becoming a major shareholder. In 1972, BOAC’s shares were bought by the Kingdom of Bahrain, State of Qatar, the Emirate of Abu Dhabi and the Sultanate of Oman. On January 1, 1974, the Foundation Treaty gave each of the governments a 25% share in the airline, which was re-branded as Gulf Air and became the national carrier of the 4 states. Gulf Air joined the International Air Transport Association (IATA) in 1981 and became the first international airline at Riyadh in the following year.
Gulf Air is the national airline of Bahrain, with its main base at the Bahrain International Airport. One of the oldest air carriers in the Middle East, it is owned by the Kingdom of Bahrain, Sultanate of Oman and Emirate of Abu Dhabi.…
Although Oman Air, the flagship company of the Sultanate of Oman’s Civil Aviation sector, was founded in 1981, it began operations in 1993. It was a merger between Gulf Air Light Aircraft division and Oman International Services that resulted in the formation of this airline, under the name of Oman Aviation Services. Its inaugural flight was from Muscat to Salalah. Oman Air commenced its international operations in July 1993, with a flight to Dubai. In the same year, the airline started its services to India, with a flight to Thiruvananthapuram. In 2001, Oman Air became the first International foreign Airline to fly to Kochi, India.
The government holds 33.8% stake. It operates scheduled domestic and international passenger services, as well as local air taxi and charter work. Its main hub is at the Muscat International Airport, Muscat. The airline is member of the Arab Air Carriers Organization, a regional airline trade organization of Arab air services, founded in 1965.
Oman…
HSBC Bank Oman S.A.O.G has operated in the Sultanate since 1948. It provides a wide range of banking services for both corporate and individual customers. In recent years HSBC Oman has expanded to over 90 branches and in addition has a full-service trading operation, private banking operation, and a custodial service for the Muscat Securities Market. In Oman, the HSBC Group is represented by HSBC Bank Oman S.A.O.G. In June 2012, HSBC Bank Middle East´s Oman operations merged with Oman International Bank (OIB), an Omani bank with a rich heritage in the Sultanate which was a public listed joint stock company listed on Muscat Securities Market (MSM) and was renamed as HSBC Bank Oman S.A.O.G (HBON). HSBC has been present in Oman since 1948 and for two decades was the only bank operating in the country. In 1970, it assisted in the first issue of the Omani currency. Over the years, the bank has delivered a number of “firsts” for Oman, including the first to launch ATMs, provide international…
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