Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Bailout + Radical Restructuring For Gulf Air  
User currently offlineGonzalo From Chile, joined Aug 2005, 2036 posts, RR: 2
Posted (3 years 7 months 2 weeks 5 days 10 hours ago) and read 2727 times:

Summary of the information provided here :

*Bailout for USD 494 M.
*Workforce reduction from 3800 to 1800 workers
*Fleet reduction from 39 to 20 aircraft.
*Cancellation or new deals re orders for 20 A333 and 16 B787

All this depending on the negotiations with parliament...




Gear Up!!: DC-3 / EMB-110 / Fairchild-227 / Ab318-19-20-21 / B732 / B763 / B789
3 replies: All unread, jump to last
User currently offlineAWACSooner From United States of America, joined Jan 2008, 2632 posts, RR: 1
Reply 1, posted (3 years 7 months 2 weeks 5 days 9 hours ago) and read 2571 times:

With EK, EY and QR calling the shots in the region, I think airlines like Gulf Air, Oman Air and Kuwait Air are about to become shells of their former, long-haul, selves.

User currently offlineStitch From United States of America, joined Jul 2005, 34067 posts, RR: 85
Reply 2, posted (3 years 7 months 2 weeks 5 days 9 hours ago) and read 2540 times:
Support Airliners.net - become a First Class Member!

Well if they're only going to do BAH-LHR and BAH-CDG, they don't need either the A330-300 or the 787-8 so I would expect both orders to be cancelled in full.

I'd keep the four A340-300s and use them as the A330-200s have more value on the open market (about 50% more value).

[Edited 2012-10-15 07:19:05]

User currently offlineKC135TopBoom From United States of America, joined Jan 2005, 12368 posts, RR: 51
Reply 3, posted (3 years 7 months 2 weeks 5 days 9 hours ago) and read 2503 times:

If GF wants to return to profitability with a reduced fleet of just 20 airplanes, here is what I think they should do;

1.) Cancel the 20 A-333 order.
2.) Ground/sell the 1 remaining A-340 and put the 3 stored up for sale.
3.) Keep an order for 10 of the 16 B-787s, cancel the remaining six.
4.) As the B-787s enter the fleet, begin selling all 10 A-332s (2016 or 2017 EIS?).
5.) Ground/sell the 2 A-319s.
6.) Keep the 3 A-321s.
7.) Keep 7 A-320s (of 14), selling 7, cancel the order for 2 more.
8.) Ground/sell the 2 E-190s.

GF ends up with the following fleet;

1.) 10 A-332s, to be replaced by the B-787, as currently planned.
2.) 3 A-321s
3.) 7 A-320s.

They should reduce their routes by cancelling the following destinations;

KBL, DAC, CAI, ADD, MAA, IFN, MHD, EBL, KTM, LHE, PEW, DMM, ELQ, TIF, CMB, KRT, DAM, EBB, ANN, MAN, and JFK. This still leaves GF with about 25 destinations in the ME, EU, Africa, South Asia, Pacific region, and one US destination (IAH).

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
EMB-170 For Gulf Air posted Wed Dec 3 2003 19:20:15 by GF-A330
More Flights To Syria For Gulf Air & Emirates posted Wed May 22 2002 23:14:49 by GF-A330
Triple Whammy For Restructuring Gulf Air; Report posted Fri Jan 4 2002 23:33:37 by GF-A330
Gulf Air - Plans For New W\B Aircraft On Order? posted Sat Oct 24 2009 13:56:17 by Gilesdavies
Gulf Air - Full Restructuring Plan Update (Part 2) posted Thu Apr 26 2007 14:25:02 by B742
Gulf Air; How Is It Working For Them? posted Sun Jan 8 2006 02:17:10 by SWISSER
Gulf Air Gears Up For Grand Prix 06 posted Mon Dec 19 2005 01:11:54 by GF-A330
Gulf Air Considered A345s For The US posted Sat Aug 6 2005 21:08:20 by GF-A330
Gulf Air Invites Bids For Aircraft posted Thu Jun 16 2005 06:43:54 by EurostarVA
Gulf Air Looking For New Aircraft & Public Listing posted Tue May 24 2005 06:14:44 by MEA