Gulf Air New Aircraft
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Boeing wins Gulf Air 787 order worth up to $6 blnReuters Sunday January 13 2008
(Recasts with Airbus agreement)
By Mohammed Abbas
MANAMA, Jan 13 (Reuters) - Boeing Co won an order from Bahrain's Gulf Air for as many as 24 of its 787 aircraft, worth as much as $6 billion, according to Gulf Air, which also agreed an initial request for eight Airbus A320s.
The Boeing order is for 16 of the 787 Dreamliner passenger planes, worth $3.4 billion, with options for eight more. The first of the aircraft will be delivered in 2016.
"If we look at the overall economics of operation of the Boeing 787, it is more favourable than the Airbus 350 extra wide body," Bjorn Naf, Gulf Air acting chief executive officer told reporters in the Bahraini capital, Manama, on Sunday.
Bahrain's national carrier aims to replace its fleet of 35 aircraft, and is in talks with European plane maker Airbus to buy eight of its narrow body A320 aircraft, Gulf Air Chairman of the board Mahmood al-Kooheji said.
"We have signed an MOU with Airbus for the A320," Kooheji said, declining to give a value for the initial agreement. An order of that size may be worth about $520 million at list prices. Gulf Air hopes to reach a final agreement by the end of March, Naf said.
Gulf Air and Chicago-based Boeing concluded their agreement late on Saturday during a visit by President George W. Bush to the island kingdom.
The state-owned airline plans to lease aircraft until the new planes are delivered, and is in talks with banks to finance the purchases. Officials declined to give further details
Gulf Air was the 56th customer to order the 787, whose launch has been the most successful in Boeing history, Boeing regional sales Senior Vice President Marty Bentrott said in Bahrain. Customers have ordered 833 of the planes since its launch in 2004, he said.
Last year was a bumper year for aircraft orders. Airbus said 2007 was a record.
However, orders this year may fall, Bentrott said, as U.S. airlines cancel requests on prospects of a weaker U.S. economy. Boeing received orders for 1,413 planes in 2007.
"There is perceived weakness in the U.S. economy ... I would say industry orders will drop to about half of 2007," he told Reuters on the sidelines of a news conference.
Gulf Air slashed its network and cut its workforce by about 25 percent last year after announcing losses of more than $1 million a day. Then-CEO Andre Dose resigned in July after less than four months in the role.
The airline, which has pledged to operate with minimum state support, said it was now close to halving its losses. The company has said its government owner could sell shares to the public as early as this year.
"This is a strong signal to the market and to our competitors that Gulf Air is back in business," Naf said.
(Recasts with Airbus agreement)
By Mohammed Abbas
MANAMA, Jan 13 (Reuters) - Boeing Co won an order from Bahrain's Gulf Air for as many as 24 of its 787 aircraft, worth as much as $6 billion, according to Gulf Air, which also agreed an initial request for eight Airbus A320s.
The Boeing order is for 16 of the 787 Dreamliner passenger planes, worth $3.4 billion, with options for eight more. The first of the aircraft will be delivered in 2016.
"If we look at the overall economics of operation of the Boeing 787, it is more favourable than the Airbus 350 extra wide body," Bjorn Naf, Gulf Air acting chief executive officer told reporters in the Bahraini capital, Manama, on Sunday.
Bahrain's national carrier aims to replace its fleet of 35 aircraft, and is in talks with European plane maker Airbus to buy eight of its narrow body A320 aircraft, Gulf Air Chairman of the board Mahmood al-Kooheji said.
"We have signed an MOU with Airbus for the A320," Kooheji said, declining to give a value for the initial agreement. An order of that size may be worth about $520 million at list prices. Gulf Air hopes to reach a final agreement by the end of March, Naf said.
Gulf Air and Chicago-based Boeing concluded their agreement late on Saturday during a visit by President George W. Bush to the island kingdom.
The state-owned airline plans to lease aircraft until the new planes are delivered, and is in talks with banks to finance the purchases. Officials declined to give further details
Gulf Air was the 56th customer to order the 787, whose launch has been the most successful in Boeing history, Boeing regional sales Senior Vice President Marty Bentrott said in Bahrain. Customers have ordered 833 of the planes since its launch in 2004, he said.
Last year was a bumper year for aircraft orders. Airbus said 2007 was a record.
However, orders this year may fall, Bentrott said, as U.S. airlines cancel requests on prospects of a weaker U.S. economy. Boeing received orders for 1,413 planes in 2007.
"There is perceived weakness in the U.S. economy ... I would say industry orders will drop to about half of 2007," he told Reuters on the sidelines of a news conference.
Gulf Air slashed its network and cut its workforce by about 25 percent last year after announcing losses of more than $1 million a day. Then-CEO Andre Dose resigned in July after less than four months in the role.
The airline, which has pledged to operate with minimum state support, said it was now close to halving its losses. The company has said its government owner could sell shares to the public as early as this year.
"This is a strong signal to the market and to our competitors that Gulf Air is back in business," Naf said.
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Bothched Seniority List
DESSERT AVIATOR THE LIST IS KIND OF GOING BACK TO ITS ORIGINAL they use to be 2list, one for the fleet transfer which was the date of joining 2nd one was for the upgrade to the left seat and that was based on u r final line check as an F/O ! either u r local or expart, though i admit they were few guys did jump the queue to left seat and wide body a/c
then they came up with many ways to make it fare to all but was a failure
it doesnt need a genius to make it work what they have done now i think its more then fare salute 
then they came up with many ways to make it fare to all but was a failure it doesnt need a genius to make it work what they have done now i think its more then fare salute
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Interesting article in flightglobal, interim lease of 787 planned from 2010:
http://www.flightglobal.com/articles...ier-lease.html
http://www.flightglobal.com/articles...ier-lease.html
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And now the deal is inked the seniority issue returns..haha was waiting for that..seniority by definition is time in service...regardless of the detractors it's now how it should be..(didnt help me at all personally) but in the grand scheme of things..it helps us all here, as now a wrong has been righted..I'll be fertilizer long before those new (gulp thought I'd never say this..."plastic AMERICAN" airplanes) arrive...but nice to see it happen for those who will reap the benefits of staying the course..
"Good things come to those who wait"
"Good things come to those who wait"
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Gulf Air is also intending to prepare its crews for the aircraft, he adds, by acquiring a 787 simulator for its new Bahrain-based training centre.
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I'm no rocket scientist but that seems pretty clear to me...the empty slot in the sim building will become occupied eventually with a shiny new B787 sim. Inshalla. Maybe..sometime...
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the plan as stated is to have leased 787 in place by 2010 or 2011. and to be honest why is everyone so negative ie"maybe sometime"
they have announced the order signed the deal we all wanted. we have only been sole owners fr a short time. we have got a huge payraise. just wondering what more needs to be done for people to just admit we are headed for change and faster than anyone thought????
they have announced the order signed the deal we all wanted. we have only been sole owners fr a short time. we have got a huge payraise. just wondering what more needs to be done for people to just admit we are headed for change and faster than anyone thought????
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Boeing Confirms Gulf Air's Intent to Purchase 787s
SEATTLE, Jan. 14, 2008 -- Boeing [NYSE: BA] and Middle East airline Gulf Air yesterday held a signing ceremony in Bahrain to announce the airline's intent to purchase 787 Dreamliners. Boeing looks forward to welcoming Gulf Air as the newest member of the Dreamliner team upon conclusion of contract negotiations.
Cool looking bird!
Ciao
Join Date: Nov 1999
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Join Date: Nov 1999
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maybe..exept it definitely will not have have A40-XX on the side.
nor the Skyteam logo, but then again, it's just the general look without looking at it under the microscope. 
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B787 Delayed
Boeing today announced further delays to their B787. Don't expect to see any B787's in GF colours for a long long time.....
Last edited by Dessert Aviator; 21st Jan 2008 at 13:27.