CEO resigns from GF
Join Date: Dec 2005
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First Page News From The Gdn
"Gulf Air is now on the right path to success."
where he got that from.
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If the board and the goverment wants anything good for the company or themselves they should put there priority right and i believe that getting new A/C is due or its getting little late.
If gulf air does not announce a deal for new A/C by the end of this year i will be writing in the maasallama list because its getting stressful flying this gunk.
If gulf air does not announce a deal for new A/C by the end of this year i will be writing in the maasallama list because its getting stressful flying this gunk.
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The GF chairman is a liability . Full Stop. Everytime he opens his mouth all you get is b***S**t. He's the one who was on the front page of GDN after Dose announced the company was in a dire situation and told the job losses will be amongst the expats. He's the one who is having audiences with the local staff/union and coming up with daft comments like in todays' GDN.
Perhaps he needs to find out what the role of chairman is ...
Role of Chairman (taken from Mercuri Urval)
Runs the company’s business
Perhaps he needs to find out what the role of chairman is ...
Role of Chairman (taken from Mercuri Urval)
- Runs the Board - organises, with Company Secretary, the Board committees etc.
- Maintains consistent strategic input and scrutiny
- Enhances the standing of the company with the outside world. Communicates with investors the strategic content and architecture of accountability.
- Recommends to the Board the appointment / dismissal of the Chief Executive and Non-Executives
- Reviews the performance of Non-Executives and keeps them informed
- Assists and guides the CEO (acts as mentor / coach)
- Reviews the performance of the Directors
- Ensures the Board annually reviews its performance and is balanced
Runs the company’s business
- Responsible for operations and financial performance
- Provides clear leadership
- Executive Directors report to CEO
- Prepares strategy, plans, objectives etc. and implements
- Submits acquisition / investment proposals and implements
- Develops organisation structures, succession planning
- Together with Chairman, communicates to investors etc.
- Submits proposals on Non-Executive fees to the Board
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To Capt Al Flakhem,
I thought there was no Sunni or Shia, only BAHRAINI!!!!.......... Who cares what side of the religious fence you are on, as long as the job gets done. What happened to a multiculture society. Bahrain definately has a few different cultures in it.!!!!!
I thought there was no Sunni or Shia, only BAHRAINI!!!!.......... Who cares what side of the religious fence you are on, as long as the job gets done. What happened to a multiculture society. Bahrain definately has a few different cultures in it.!!!!!
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Soggyblond, I think you may have a problem my lass, I said:
Next time read carefully before you start shooting
Please though dont get into the Sunni vs Shia issue, sects have nothing to do with business. As you mentioned there are good and bad from each side
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I've heard Mr Kooheji was a very successful business man!!!! who used to run a furniture shop. About 10 years ago when there were lots of riots in Bahrain his shop mysteriously burnt to the ground. Apparently the Insurance company told him to go away politely.
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I've heard Mr Kooheji was a very successful business man!!!! who used to run a furniture shop
Now there is a qualification to run an airline!
Anyone else interested in buying shares in GF? I know someone who can also sell you some beachfront property in Bahrain...remember, there are 'miles of white sand beaches' here...
The Magic Kingdom!
Think I'll 'be off to Havana now for a Cuba Libre or two...
Buena suerte!
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IronButt
Are you sure you don't Hash?
I have just returned from the Hash tonight and heard someone expouse exactly your sentiments on how the Kingdom of Bahrain PLC must surely break even with Gulf Air when you take into account that all the staff spend their salarys here.
Funiliy enough that gentleman was a pilot with GA.
Have we met?
On On
Are you sure you don't Hash?
I have just returned from the Hash tonight and heard someone expouse exactly your sentiments on how the Kingdom of Bahrain PLC must surely break even with Gulf Air when you take into account that all the staff spend their salarys here.
Funiliy enough that gentleman was a pilot with GA.
Have we met?
On On
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So.....If the CEO who resigned after a few months got a pay off of....three years salery.....around £3,000,000.00 million according to the usual CEO contract...this leaves the line pilots and trainers working their guts out in non A/c aircraft in the wrong sector.
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I'll 'be off to Havana now for a Cuba Libre or two...
that was the place the people and the airline to work for!!!!!!!!! back in 1998-9 2000! thaks houi or habibi or how they call their brothers friends or sisters here
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In reading the GDN during the last few days, there have been a few, and from what I read, conflicting statements made by Mr. Kooheji that have left me with vertigo. I am now unclear and worried about where Gulf Air is headed.
I am talking about the Flight Path to Success article published in the July 26th edition of the Gulf Daily News that sums up the Board's dissatisfaction with Mr. Dosé's way of doing business, and then the article published the next day in the GDN (and cited by Sal-e) that tells of plans to make the company go public sometime in 2008.
In light of the misgivings that the Board has had with Dosé's objective-based management techniques, "floating" the company next year seems equivalent to putting a boat in the ocean before a chance has been given to patch all of the holes in the hull.
I've heard a few people referring to Gulf Air as "The Alitalia of the Middle East." An interesting article about Alitalia's problems were published in this week's edition of The Economist. It is bothersome to read so many parallels.
Economist Article: Down to Earth with a bump
I am talking about the Flight Path to Success article published in the July 26th edition of the Gulf Daily News that sums up the Board's dissatisfaction with Mr. Dosé's way of doing business, and then the article published the next day in the GDN (and cited by Sal-e) that tells of plans to make the company go public sometime in 2008.
In light of the misgivings that the Board has had with Dosé's objective-based management techniques, "floating" the company next year seems equivalent to putting a boat in the ocean before a chance has been given to patch all of the holes in the hull.
I've heard a few people referring to Gulf Air as "The Alitalia of the Middle East." An interesting article about Alitalia's problems were published in this week's edition of The Economist. It is bothersome to read so many parallels.
Down to earth with a bump
Jul 19th 2007 | ROME
From The Economist print edition
The Italian government's plan to sell its stake in Alitalia fails to take off
AFP
WHAT are your airline loyalty points worth? Alitalia's 3m MilleMiglia cardholders are wondering how quickly they can use theirs, since their value could soon fall to zero given the precarious and uncertain future of Alitalia, Italy's state-controlled flag-carrier. On July 17th Air One, a privately owned Italian airline, announced that it would not bid for the shares in Alitalia that the government offered for sale at the end of last year, initially attracting 11 expressions of interest. As potential bidders dropped out, Air One was seen as the last hope for an Italian buyer. It said that it had decided not to make a binding offer because of the contractual conditions, though difficulties in financing the deal probably did not help.
The lack of interest in Alitalia is not surprising, given the conditions that the buyer was required to meet. These included taking on Alitalia's debt and maintaining its current route structure, territorial coverage and Italian identity—keeping things pretty much as they are, in short.
Yet Alitalia clearly needs shock therapy. Last year it reported a consolidated net loss of €626m ($785m), having lost about €2.6 billion between 1999 and 2005. The misery has continued this year with a pre-tax loss of €147m in the first quarter. Alitalia's difficulties are such that Consob, Italy's stockmarket regulator, requires the airline to report on its financial position every month. At the end of May the group had net debt of €1.05 billion and €466m in net available funds. Without new capital Alitalia is close to stalling, as cash reserves run low and creditors start to worry more about getting paid.
Clearly a buyer will need deep pockets to keep Alitalia airborne. Air One had hoped that Intesa Sanpaolo, Italy's second-largest bank, would provide them. But could such a tiny outfit really turn Alitalia around? Air One had a fleet of 40 aircraft at the end of last year, against Alitalia's 186. It made a profit of €7m, but its traffic revenues of €570m were one-eighth of Alitalia's, at €4.4 billion. At the end of 2006 its net assets amounted to just €59m.
Air One's owner, Carlo Toto, can claim success in launching a scheduled airline, but he did this before low-cost airlines landed in Italy, and in a market where travellers were glad of an alternative to the incumbent. Sorting out the problems at Alitalia, where more than ten trade unions defend long-established privileges—one of them flexed its muscles by striking on July 18th—is a different challenge altogether.
So what will happen next? After vast infusions of state aid, Alitalia should now be refused more public money under European Union rules. No doubt Italy's politicians would find ways to pump in more money if the airline were placed in administration. The best option would be liquidation, opening the way for low-cost airlines to acquire Alitalia's routes and boost competition. But the government, which owns 49.9% of Alitalia, may simply decide to open direct negotiations with Air One, or with Air France, which has held a 2% stake in Alitalia since November 2002 and was expected to express an interest, but did not. If the French airline were to buy Alitalia, it would at least put an end to the worries of all those MilleMiglia cardholders, since both airlines are members of the SkyTeam alliance.
Jul 19th 2007 | ROME
From The Economist print edition
The Italian government's plan to sell its stake in Alitalia fails to take off
AFP
WHAT are your airline loyalty points worth? Alitalia's 3m MilleMiglia cardholders are wondering how quickly they can use theirs, since their value could soon fall to zero given the precarious and uncertain future of Alitalia, Italy's state-controlled flag-carrier. On July 17th Air One, a privately owned Italian airline, announced that it would not bid for the shares in Alitalia that the government offered for sale at the end of last year, initially attracting 11 expressions of interest. As potential bidders dropped out, Air One was seen as the last hope for an Italian buyer. It said that it had decided not to make a binding offer because of the contractual conditions, though difficulties in financing the deal probably did not help.
The lack of interest in Alitalia is not surprising, given the conditions that the buyer was required to meet. These included taking on Alitalia's debt and maintaining its current route structure, territorial coverage and Italian identity—keeping things pretty much as they are, in short.
Yet Alitalia clearly needs shock therapy. Last year it reported a consolidated net loss of €626m ($785m), having lost about €2.6 billion between 1999 and 2005. The misery has continued this year with a pre-tax loss of €147m in the first quarter. Alitalia's difficulties are such that Consob, Italy's stockmarket regulator, requires the airline to report on its financial position every month. At the end of May the group had net debt of €1.05 billion and €466m in net available funds. Without new capital Alitalia is close to stalling, as cash reserves run low and creditors start to worry more about getting paid.
Clearly a buyer will need deep pockets to keep Alitalia airborne. Air One had hoped that Intesa Sanpaolo, Italy's second-largest bank, would provide them. But could such a tiny outfit really turn Alitalia around? Air One had a fleet of 40 aircraft at the end of last year, against Alitalia's 186. It made a profit of €7m, but its traffic revenues of €570m were one-eighth of Alitalia's, at €4.4 billion. At the end of 2006 its net assets amounted to just €59m.
Air One's owner, Carlo Toto, can claim success in launching a scheduled airline, but he did this before low-cost airlines landed in Italy, and in a market where travellers were glad of an alternative to the incumbent. Sorting out the problems at Alitalia, where more than ten trade unions defend long-established privileges—one of them flexed its muscles by striking on July 18th—is a different challenge altogether.
So what will happen next? After vast infusions of state aid, Alitalia should now be refused more public money under European Union rules. No doubt Italy's politicians would find ways to pump in more money if the airline were placed in administration. The best option would be liquidation, opening the way for low-cost airlines to acquire Alitalia's routes and boost competition. But the government, which owns 49.9% of Alitalia, may simply decide to open direct negotiations with Air One, or with Air France, which has held a 2% stake in Alitalia since November 2002 and was expected to express an interest, but did not. If the French airline were to buy Alitalia, it would at least put an end to the worries of all those MilleMiglia cardholders, since both airlines are members of the SkyTeam alliance.
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the big difference between gulfair and alitalia is that the italian government doesn't mind letting alitalia go down. what i heard was the government here will not let gf go by the wayside. they're too proud to let that happen. and as ib57 mentioned, gf's contribution to the economy works out the losses it makes. this leaves us employees with the short end of the stick as far as remuneration goes because successful airlines reward their workers, not successful national economies. which is why i'm still outa here.
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Left to first class said:
My sources tell me he's been personally told by the C.P. to do as he sees fit to fix the airline.
Does anyone have info on who Mahmood Al Kooheji is and whether he has experience of running a company. From what I can gather from my sources, he's a senior civil servant as is experience has been with the ministry of finance - please correct me though.
