Oman's government will offer to buy out the other shareholders of Oman Aviation Services to turn the airline operator into a state-owned firm, a director of Oman Aviation said.

In February the government raised its stake in Oman Aviation to 82 per cent from 34 per cent by investing 56.77 million rials ($146.5 million) through a private placement.

The shareholders would meet to discuss the offer on May 29, Oman Aviation director Hussain Ali Al Raisi said.

"The government will buy shares from investors through an open offer," he said, adding the price could be announced at the shareholders' meeting. Reuters