Gulf Air Developments
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Gulf Air
So it's now official according to Reuters.
And in other news:
It would lease out two aircrafts to Gulf Air Company for four months.
Under wet lease agreement, the operational control and maintenance responsibility of the aircrafts would remain with Jet
Under wet lease agreement, the operational control and maintenance responsibility of the aircrafts would remain with Jet
Gulf Air, which was forced to pay spot rates for jet fuel when the price was as high as $190 a barrel, is now preparing to take its first hedging position.
“We have approved a hedging policy to the board and are looking at banks for hedging instruments,” said Bjorn Naf, the chief executive of the Bahrain flag-carrier.
Mr Naf said Gulf Air would purchase fuel on the futures market to lock in prices and lessen the risk of continued volatility. “In the long term I think it will go up again. If you hedge now you can hedge to your favour.”
The hedging contract is likely to be a three-year position, with Gulf Air purchasing about 75 per cent of its fuel needs for next year, 50 per cent for 2010 and 35 per cent for 2011, he said.
“We have approved a hedging policy to the board and are looking at banks for hedging instruments,” said Bjorn Naf, the chief executive of the Bahrain flag-carrier.
Mr Naf said Gulf Air would purchase fuel on the futures market to lock in prices and lessen the risk of continued volatility. “In the long term I think it will go up again. If you hedge now you can hedge to your favour.”
The hedging contract is likely to be a three-year position, with Gulf Air purchasing about 75 per cent of its fuel needs for next year, 50 per cent for 2010 and 35 per cent for 2011, he said.
Join Date: Aug 2007
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I wouldn't hold your breathe brassplate. Even if they do show up there will be such a bitch fight & ,of course, a new & improved seniority list. So take some advice & just sit back & enjoy the show. Believe me it will be fun listening to all the cheap b******s making this & that excuse on why they should go to the 777. Just get a family pack of cotton buds ready for all the crap that's about to flood your ear holes.
Join Date: Jul 2007
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I believe they will first put the guys with "those old cute boeing" cartoon stickers on their nav bags onto the 777 then the rest of us in reverse order of seniority according to the last time you really truly enjoyed a crew meal.
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c'mon man. who's gonna take longer to train onto a boeing? a pilot who's flown nothing else in his life but a cherokee and a bus or a pilot who's flown thousands of hours on a boeing? geez.
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So according to brassplate's extensive research into the subject of Airbus rated pilots switching to Boeing it is a big no-no & should only be attempted as a last resort. Maybe you should share some of your research with the relevant authorities-I'm sure they would be more than happy to lend an ear to you. By the way, what about transfers from Boeing to Airbus? Is that a less riskier proposition? Or should the company have just let go the Boeing pilots since they may be unsuitable for transfer?
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haa, haa...its amusing to hear the drum roll before the scramble...thought boeings wer ****..just made for us low lifes....haa haa..never dreamt that i'd ever here an airbus pilot really wanting to fly a boeing..blasphemy..it be nice if they just stick to the sen list =r
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Maybe they'll just let the guys who are flying the thing during the wet lease continue on never ending "short term" contracts, similar to what they did when they received those Singapore A340s five years ago. I've heard that when the lease ends those pilots will be let go by Jet.
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hey mephidopoulos, no research buddy. you are just being a sarcastic w@nker. since when did bus drivers want to fly boeings? (they will, seniority permitting, only if routes are better). on the other hand, a lot of ex-boeing guys can't wait to get off the bus and back to flying real planes.
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Brassplate - If I were you I'd use the word w@nker with some reservation. People replied with sarcasm to your post because you seem to be elevated to the heights reserved for the U-2. Us mere mortals, aka, "Bus drivers" really couldnt give a toss about boeing or airbus. If you have flown a "real" plane before in your life you'd realize that whether you fly boeing or airbus, you really are just a BUS driver and this is just a regular office job. It's all the same. I'd love to slap an Airbus 318 sticker over that boeing sticker on your flight bag when you're not looking just for $hit$ and giggles. Really, grow up. We dont have to compare sizes anymore. 
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Referring to BOMBAY HF's comments about those Jet airways pilots that will be let go when the wet lease ends, isn't it the cheapest option for gulfair to recruit some of those guys into 777,
MY IDEA, I want my money
MY IDEA, I want my money
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GF did it on the VC10, The L1011 and a little bit on the B767 and they made "Tempory Captains" "Permanent Captains"......so they do have "Previous"...as the police say.
Last edited by 40&80; 3rd Jan 2009 at 20:53.
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Come on guys, who cares who flies what. The simple truth of the matter is that the world is falling to pieces & yet Naff & his bunch continue to insist that we are doing the best business in years. They could be right, from a certain perspective but then how bad are we really doing. I have been long enough in this airline to know that as soon as management start congratulating themselves on a job well done that we will soon be in for a very big shock. If you don't believe me just wait & see...