Gonzalo From Chile, joined Aug 2005, 1664 posts, RR: 0 Posted (7 months 5 days 8 hours ago) and read 1076 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...
AWACSooner From United States of America, joined Jan 2008, 1415 posts, RR: 1 Reply 1, posted (7 months 5 days 7 hours ago) and read 920 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.
Stitch From United States of America, joined Jul 2005, 26676 posts, RR: 83 Reply 2, posted (7 months 5 days 7 hours ago) and read 889 times:
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).
KC135TopBoom From United States of America, joined Jan 2005, 11705 posts, RR: 52 Reply 3, posted (7 months 5 days 7 hours ago) and read 852 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).
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From Chile, joined Aug 2005, 1664 posts, 
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