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.
You might also like...
Masdar and Etihad plan pumped hydro project
19 April 2024
Ewec signs Ajban solar PV contract
19 April 2024
Red Sea Global awards Marina hotel infrastructure
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.