GF ceo sacked
Gulf Air CEO sacked; Qatari tipped for job . .Web posted at: 2/16/2002 3:26:22
Source ::: The Peninsula
Ibrahim Abdullah
. .DOHA: The Board of Directors of Gulf Air meeting in Muscat on Wednesday decided to relieve Ibrahim Abdullah Al Hamar from the post of the airline’s chief executive officer and chair-man, an Arabic newspaper repor-ted here yesterday.
The newspaper said Abdul Aziz Al Nuaimi, former director of the Department of Civil Aviation in Qatar, was one of the strongest conte-nders for the post along with other prominent aviation personalities from the GCC states.
The airline is owned by Bahrain, Qatar, Oman and Abu Dhabi. The airline has been facing a financial crunch and the board has appointed Simat, Helliesen & Eichner (SH&E), an international air transport consul-tancy, to introduce a plan to restructure the company and increase its profi-tablity, the newsp-aper added.
The board of Directors also took a set of significant decisions to reva-mp the company following the deterioration in revenues which began about two years ago, the Arabic newspaper said.