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Strategic changes at Gulf Air?

24-Apr-2009

Gulf Air has scrapped a longer-term agreement to lease four wide-body aircraft, only weeks after the deal was announced. Bahrain’s national carrier will cancel its deal to continue to lease four long-range B777-300ER aircraft from Indian carrier Jet Airways after just six months. [1755 words]

Unlock the following content in this report:

Subheadings:

  • Expansion turns to (temporary?) contraction
  • ...but some expansion on selected routes will occur
  • Break-even by 2010? Now a receding possibility
  • Yields now under pressure
  • Ongoing cost discipline in 2009
  • Two new finance facilities
  • New maintenance arrangements with Singapore Airlines Affiliate
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