Tuesday, January 15, 2013

Gulf Air turns a new leaf

Neelam Mathews
Jan 15, 2013

Gulf Air is beginning a restructuring process to reduce losses. The highlights are:

The restructuring strategy was driven by Executive Restructuring Committee and the management and was approved by the Gulf Air Board of Directors led by H.E. Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister.

Airline to focus on strengthening MENA operations and point-to-point routes

Restructuring will result in cost savings of 24% by the end of 2013

All cost elements of the business will be rationalized

Gulf Air’s workforce requirement will be aligned to meet the operational, maintenance and administrative needs of the revised fleet and network.

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