Gulf Air expects profit by 2010

22 November 2008

Gulf Air is expecting profit returns by 2010 as the massive turnaround programme the airline is undergoing starts to pay off, according to its CEO, Reuters has cited. CEO Bjorn Naf said the decline in air travel as companies and families cut their travel budgets amid the financial crisis, would not alter Gulf Air's expansion plans. The carrier has ordered 59 planes and partially renews its existing fleet of 27 planes.

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