GF-A330 From United Kingdom, joined Apr 2001, 1643 posts, RR: 3 Posted (11 years 2 weeks 4 days ago) and read 1443 times:
Gulf Air gets new acting president
James Hogan has been appointed acting president and chief executive of Gulf Air. His appointment becomes effective from May 12.
Hogan has many years of experience in the aviation industry at senior level, and prior to this was chief executive of Ansett Airlines in Australia and BMI British Midlands Airways.
The announcement of the new executive was made by Sheikh Hamdan bin Mubarak Al Nahyan, Gulf Air chairman.
"I would like to thank Ibrahim Al Hamer for his continued dedication and support in developing the airline and also for his cooperation during his presidency," said Sheikh Hamdan.
"Hogan was selected from numerous candidates for his experience and aviation background. I trust you will all give him your complete support as he begins the restructuring as directed by the board."
In taking responsibility for the direction of Gulf Air, Hogan will add impetus to the restructuring process that began in March 2002. Simat Helliesen and Eichner (SH&E), the aviation consulting company, was appointed by the Board.
SH&E will continue to support Hogan as he develops the future strategy of Gulf Air.
SAS23 From , joined Dec 1969, posts, RR: Reply 4, posted (11 years 2 weeks 4 days ago) and read 1392 times:
Hmmm, James Hogan isn't referred to as 'Jonah' Hogan for nothing ... GF will be the third airline that he's navigated into deep trouble. At least bmi had the sense to dump him before his whackier ideas sank them!
Airbuspilot From Belgium, joined Apr 2000, 416 posts, RR: 2 Reply 6, posted (11 years 2 weeks 3 days 21 hours ago) and read 1369 times:
What I do not understand and where I would like an answer for( wich i have been trying several weeks now...)
is why a troubled company as GF is actually in the middle of a hiring process for 80 additional BAH based A320 cres???????
Airbuspilot From Belgium, joined Apr 2000, 416 posts, RR: 2 Reply 12, posted (11 years 2 weeks 2 days 21 hours ago) and read 1308 times:
Troubled Middle Eastern airline Gulf Air is awaiting confirmation from two of its shareholders that they will provide extra cash to help rescue the carrier following a downturn in business since 11 September. The governments of both Qatar and Oman failed to respond by a 30 April deadline set by the Gulf Air board for an emergency cash injection of $258 million. The other two major shareholders, Abu Dhabi and Bahrain, have already agreed support.
Abu Dhabi and Bahrain are the main hubs for Gulf Air - the region's oldest airline - and have provided the most financial support for the airline's growth. Over the past decade, Oman Air and Qatar Airways have developed as national carriers for the other two shareholders, and analysts in the region believe there is greater government support for these carriers than for Gulf Air.
Bahrain's prime minister Sheikh Khalifa bin Salman al Khalifa has been quoted by official news agency BNA as being firmly committed to the survival of Gulf Air. He told the Bahrain cabinet on 28 April that the carrier represented "a symbol of co-operation and solidarity among member states of the Gulf Co-operation Council", which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
The carrier has already had a $160 million cash bail-out from the shareholders since 11 September, and has called in consultants Simat Helliesen & Eichner to look at cost-cutting and restructuring. Local sources say that almost 500 staff will be laid off as part of the proposed changes, although Gulf Air will not confirm this.