Gulf Air names new chief executive
Posted: Tuesday, May 07, 2002
MANAMA:
Regional airline Gulf Air has named James Hogan as its acting president and chief executive of the airline effective May 12.
The appointment was announced by Gulf Air chairman Shaikh Hamdan bin Mubarak Al Nahyan, who said Hogan was chosen after consulating the ministers of the four owning states -- Bahrain, Qatar and Oman and the Abu Dubai emirate of UAE.
Hogan has years of experience in the aviation industry in senior positions. Most recently, he was the chief executive Officer of Ansett Airlines in Australia and Bmi British Midlands Airways, UK.
"I would like to thank Mr Ibrahim Al Hamer for his continued dedication and support in developing the airline and also for his cooperation during his presidency," Shaikh Hamdan said. "Hogan was selected from numerous candidates for his experience and aviation background. I trust you will all give him your complete support as he begins the restructuring as directed by the board," Sheikh Hamdan told the airline staff.
A statement from Gulf Air said the appointment would add impetus to its restructuring process that began in March.
Industry sources estimate Gulf Air's debt at $800 million.
The troubled airline is seeking a $272.5 million capital injection from the owning states to save it from insolvency.-- TradeArabia News Service
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