BigTom
Topic Author
Posts: 516
Joined: Sun Dec 10, 2006 6:51 pm

Bahrain To Buy Gulf Air And Privatise It

Tue May 01, 2007 6:57 pm

Bahrain plans to eventually take over all of GF and later privatise it ...

http://www.gulf-daily-news.com/Story...ticle=180830&Sn=BNEW&IssueID=30042

Quote:
Bahrain is to buy Gulf Air, then privatise it, the government revealed yesterday.

It will initially buy 80 per cent of the airline, with the rest remaining with co-owner Oman, Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa told the Shura Council.

But the long-term aim is for Bahrain to buy the airline in its entirety, then privatise it, said Shaikh Ahmed.

"We are currently working to get an 80pc share of the company, with the possibility of owning it all, through our national holding company (Mumtalakat), so we can take proper decisions to implement our comprehensive strategic plans," he said.

"Whenever they are achieved, we will work to privatise the company as soon as possible, in line with our plans for economically-worthy sectors."

Shaikh Ahmed said Bahrain would be Gulf Air's main operations centre, serving the financial and commercial sector through increased flights to neighbouring countries.

"We have already assigned international consultancy firms to come forward with incisive plans to improve Gulf Air's status," he said.
 
9MMAR
Posts: 1728
Joined: Sun Jul 23, 2006 7:18 pm

RE: Bahrain To Buy Gulf Air And Privatise It

Tue May 01, 2007 7:23 pm

Bahrain surely will not sit, watch and do nothing while the neighbouring Qatar and UAE launch world domination through QR, EK and EY.

Ultimately, a new GF will be unfold.

Oman should strategises their interest soon.
 
TruemanQLD
Posts: 1346
Joined: Sat Feb 24, 2007 1:09 pm

RE: Bahrain To Buy Gulf Air And Privatise It

Tue May 01, 2007 7:34 pm

awesome even more competition for UAE airlines
 
nzrich
Posts: 1094
Joined: Mon Dec 05, 2005 9:51 pm

RE: Bahrain To Buy Gulf Air And Privatise It

Tue May 01, 2007 7:36 pm

Quoting 9MMAR (Reply 1):
Bahrain surely will not sit, watch and do nothing while the neighbouring Qatar and UAE launch world domination through QR, EK and EY.

Ultimately, a new GF will be unfold.

Oman should strategises their interest soon.

Well Oman are there international airline is buying long haul aircraft ..Probably for this very reason !!!

Oman Air is buying 5 A330-200's
"Pride of the pacific"
 
BigTom
Topic Author
Posts: 516
Joined: Sun Dec 10, 2006 6:51 pm

RE: Bahrain To Buy Gulf Air And Privatise It

Tue May 01, 2007 7:52 pm

Hope GF can pull out of troubled waters, as they are an important part of the Gulf's aviation history. But eventually I feel that both GF and Oman will turn into good medium-sized regional carriers, unlike EK, QR or even EY who will dominate the stage.

Cheers
 
EurostarVA
Posts: 1205
Joined: Thu May 16, 2002 12:24 am

RE: Bahrain To Buy Gulf Air And Privatise It

Tue May 01, 2007 9:57 pm

Just like Bahrain as a whole, I see Gulf Air growing into a small-to-medium sized "robust", mean and lean airline turning handsome profits to its owners. Initially 10 aircraft, 15 destinations, and a one impressive on time performance.

To do this, a newly-privatized Gulf Air needs serious investors. My own vision is a Bahraini (Kanoo, etc.) -Saudi (Saad, Turki or the like) consortium buying upto 90% of the airline with the Bahrani Govt. keeping a symbolic 10%. The old guard, unproductive staff, and corrupt elements will naturally be shown the door as the new owners will surely try to milk every penny out of the operation. A good staff-to-aircraft ratio is 1:75, and more internal processes can be outsourced to Bahraini-based firms to help and contribute to the booming local economy.

[Edited 2007-05-01 14:58:33]

[Edited 2007-05-01 15:01:01]
If there is a will, there is a way
 
behramjee
Posts: 4323
Joined: Sat Aug 02, 2003 4:56 am

RE: Bahrain To Buy Gulf Air And Privatise It

Tue May 01, 2007 10:11 pm

Gulf Air might shut down if its new restructuring plan fails according to a company spokesperson

http://www.arabianbusiness.com/index...h-effort-to-save-gulf-air&Itemid=1
 
jr
Posts: 1043
Joined: Tue May 18, 1999 1:15 am

RE: Bahrain To Buy Gulf Air And Privatise It

Tue May 01, 2007 10:23 pm

I hope this work. I think one of the main reasons GF has been such a joke is its lack of focus on one true hub. Splitting operations at Bahrain, Muscat, and Abu Dhabi is such a joke when every other flight is a one-stopper instead of non-stop. GF could have been the number 1 airline in the region by a big margin instead of where they are now had they optimized BAH and fed traffic through there instead of the lackluster split ops they have right now.
I've flown on 9V-SPK.
 
EurostarVA
Posts: 1205
Joined: Thu May 16, 2002 12:24 am

RE: Bahrain To Buy Gulf Air And Privatise It

Tue May 01, 2007 10:43 pm

Quoting Jr (Reply 7):
GF could have been the number 1 airline in the region by a big margin instead of where they are now had they optimized BAH and fed traffic through there instead of the lackluster split ops they have right now.

 checkmark 

Right on. GF is acting in a reactionary manner since the mid 90s. It's time to move on now and embrace a single hub-and-spoke system.
If there is a will, there is a way
 
User avatar
N328KF
Posts: 5806
Joined: Tue May 25, 2004 3:50 am

RE: Bahrain To Buy Gulf Air And Privatise It

Tue May 01, 2007 11:05 pm

I see the article confusingly uses the term "privatize" when being government-owned, it would most assuredly not be in private hands. Public != private != state enterprise.
When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' -Theodore Roosevelt
 
CV580Freak
Posts: 886
Joined: Sat Jul 23, 2005 12:39 am

RE: Bahrain To Buy Gulf Air And Privatise It

Wed May 02, 2007 2:09 am

Some interesting questions being asked by members of the Shura Council in Bahrain !!!

Hogans name mentioned a few times  Smile

http://www.zawya.com/Story.cfm/sidZA...1044126/SecIndustries/pagTransport
One day you are the pigeon, the next the statue ...
 
AsoRock
Posts: 146
Joined: Wed May 31, 2006 4:00 pm

RE: Bahrain To Buy Gulf Air And Privatise It

Wed May 02, 2007 2:09 am

Quoting Jr (Reply 7):
I hope this work. I think one of the main reasons GF has been such a joke is its lack of focus on one true hub.

Perhaps, but according to my inside sources, Gulf Air was brought to the ground mainly due to:

* Rampant corruption at all levels in the airline, from booz-stealing cabin crew, corrupt managers to the greedy owners of the airline.

* The Bahrainization process, where qualified and competent expatriate staff are replaced by lazy and rude Bahraini nationals who have underwent little or no training.

* Ageing long haul fleet (A340s) who got horrible reviews compared to newer a/c used by regional competition.

What GF needs urgently is for Oman to disown it, an anti-corruption campaign, staff lay offs and a route optimization process.

In a BOOMING region like the Gulf, with 20% pax increases in most airports, subsidized fuel at Bahrain Airport and long haul flights that seem full, there IS NO reason GF should be bleeding.

Get rid of the corruption.

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