Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Gulf Air To Slash Operations By 15 Percent  
User currently offlineGF-A330 From United Kingdom, joined Apr 2001, 1644 posts, RR: 2
Posted (14 years 8 months 4 days 8 hours ago) and read 2675 times:

Gulf Air to slash operations by 15 percent in rationalisation package

ATTENTION - INCORPORATES gulf-aviation-SriLanka ///
MANAMA, Sept 26 (AFP) -

gulf air announced Wednesday it will slash operations by 15 percent from October 1 to counter a decline in air traffic and "safeguard the long-term health" of the airline.

"Gulf air regrets taking this action ... but we have been forced to for commercial reasons and to safeguard the long-term health of the airline," it said in a statement.

The airline said the rationalisation package was to "reduce costs in line with other international airlines facing the economic downturn and the impact of the recent terrorist attacks in the United States."

It will become "effective on October 1 with an overall reduction of 15 percent system wide."

The airline added that it will encourage employees to take advantage of its early retirement package, which was being relaunched.

The airline industry is one of the sectors hardest hit by the September 11 terror attacks in the United States, and a fall in passenger traffic owing to a global economic slowdown.

Airlines throughout the world have announced that tens of thousands of people will lose their jobs, profits will evaporate, and fleets and routes cut down.

On a positive note, gulf air said it will resume a service to Colombo from September 29, at an initial rate of four times a week, after the Sri Lankan government reduced high war-risk insurance premiums for planes landing there.

Gulf air, which belongs to the governments of Bahrain, Oman, Qatar and Abu Dhabi, announced a suspension of flights from September 18 "as a result of the prohibitive cost of insuring aircraft and passengers on the Sri Lanka route."

International underwriters drastically increased war-risk insurance following a devastating Tamil Tiger rebel attack on Sri Lanka's only international airport on July 24.

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...
2 A340 Of Gulf Air To BE Replaced BY 777 posted Thu Jun 21 2001 16:14:08 by GF-A330
Gulf Air To Launch COK Flights From July 15 posted Sun Jul 6 2003 00:03:52 by B747-437B
Gulf Air To Start Tunis posted Wed Jun 7 2006 15:39:47 by TS-IOR
Gulf Air To Replace 9 767s At $900 Mln posted Tue Feb 7 2006 01:22:19 by GF-A330
Gulf Air To Take Over Management Of BAH posted Fri Jan 20 2006 00:15:26 by GF-A330
Champion Air To Cease Operations? posted Wed Jan 4 2006 21:06:01 by AndrewUber
Independance Air To Cease Operations Jan. 5 posted Mon Jan 2 2006 16:20:07 by BigGSFO
Gulf Air To Start Shangai Services posted Sun Dec 25 2005 16:40:49 by Dannypro45
Gulf Air To China posted Sat Oct 22 2005 21:09:51 by GF-A330
Gulf Air To Nairobi posted Mon Sep 5 2005 17:05:08 by Jambo