Gulf Air silent on restructuring rumours
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Gulf Air silent on restructuring rumours
I wonder what sort of beard-soothing axing of "overpaid" western expats could be under discussion to prompt this statement?.....
From ArabianBusiness.com:
Gulf Air has distanced itself from speculation claiming another restructuring is planned before new chief executive Samer Majali arrives next month.
The Bahraini carrier issued a statement on Tuesday in response to media reports that more cutbacks may take place.
“Following the recent appointment of our new incoming CEO Samer Majali, we are all aware that there is immense public interest in Gulf Air’s future business strategy as we look to address the challenges of rebuilding a dynamic national airline for Bahrain,” said Gulf Air executive chairman Talal Al Zain.
“Whilst our primary concern is to provide as much clarification and support as possible for our customers, our employees and our suppliers at this time of change, until the new CEO has taken up his position at the beginning of August you will appreciate that it would be both inappropriate and premature to comment on market speculation at this stage of the process.”
Al Zain added an announcement regarding the airline’s future would be made once Majali has reviewed the operation.
Majali’s predecessor Bjorn Naf was appointed in 2007 to help rescue the ailing carrier by cutting costs, routes and employee numbers. At the time, the airline was posting $1m daily losses.
It is believed Naf resigned last month following continued pressure from Bahraini politicians to have him removed.
One member from Bahrain's Members of Parliament is thought to have sent a letter to Al Zain in June urging him to sack Naf.
From ArabianBusiness.com:
Gulf Air has distanced itself from speculation claiming another restructuring is planned before new chief executive Samer Majali arrives next month.
The Bahraini carrier issued a statement on Tuesday in response to media reports that more cutbacks may take place.
“Following the recent appointment of our new incoming CEO Samer Majali, we are all aware that there is immense public interest in Gulf Air’s future business strategy as we look to address the challenges of rebuilding a dynamic national airline for Bahrain,” said Gulf Air executive chairman Talal Al Zain.
“Whilst our primary concern is to provide as much clarification and support as possible for our customers, our employees and our suppliers at this time of change, until the new CEO has taken up his position at the beginning of August you will appreciate that it would be both inappropriate and premature to comment on market speculation at this stage of the process.”
Al Zain added an announcement regarding the airline’s future would be made once Majali has reviewed the operation.
Majali’s predecessor Bjorn Naf was appointed in 2007 to help rescue the ailing carrier by cutting costs, routes and employee numbers. At the time, the airline was posting $1m daily losses.
It is believed Naf resigned last month following continued pressure from Bahraini politicians to have him removed.
One member from Bahrain's Members of Parliament is thought to have sent a letter to Al Zain in June urging him to sack Naf.
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you know restructure programs don't happen just like that! there are certain procedures to carry them out! like the new livery etc GF promised! it would take at least 18 months! I wouldnt advice Gf in hiring this CEO .I don't know something seems horribly wrong about that guy!
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ugly--are you really that daft!!!!!!!!! Some FA's have unpaid leave...that is the extent of it. Pilots are flying max and the hiring has begun again for pilots as stated above.
Before you comment at least have some knowledge of what you are talking about!!!!!!! If you feel like questioning someones facts you can ask in a more respectable manner.
Before you comment at least have some knowledge of what you are talking about!!!!!!! If you feel like questioning someones facts you can ask in a more respectable manner.
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wow people really get offended here. i dont know emirates is getting ready to cripple like GF .See every airline has a good phase but eventually they kind of ummmmm enter a bad phase where they there management skills are tested!
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Ugly,
Uhhh would that "head" you're in contact with be by any chance Richard or otherwise know as Dick
well im in contact with one of the heads and thats where i got my information.
thank you
thank you
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...and don't mention his spelling or grammar he's very sensitive about it!
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The silence is broken
Mumtalakat is seeking advisers to help it rebuild Gulf Air
MANAMA, July 26 (Reuters) - Bahrain's sovereign wealth fund Mumtalakat is seeking advisers to help it rebuild the business of state-owned carrier Gulf Air [GULF.UL], it said in a statement on Sunday.
It said the consultants would report to the airline's incoming Chief Executive Samer Majali, who is taking up his post on Aug. 1 and "who has been appointed to lead Gulf Air as it moves into the next phase of its strategy to rebuild the business".
Majali said in an interview published on July 7 that the Gulf Arab state's flag carrier would conduct studies on its strategic position in August, but did not provide details.
Previous Chief Executive Bjorn Naf left the loss-making carrier earlier this month.
Naf had been criticised by Bahraini parliamentarians over his handling of the company since he took over in 2007.
The loss-making carrier cut jobs and trimmed its network that year and started to renew its fleet, after announcing losses of more than $1 million a day. (Reporting by Frederik Richter; Editing by Firouz Sedarat/Will Waterman)
MANAMA, July 26 (Reuters) - Bahrain's sovereign wealth fund Mumtalakat is seeking advisers to help it rebuild the business of state-owned carrier Gulf Air [GULF.UL], it said in a statement on Sunday.
It said the consultants would report to the airline's incoming Chief Executive Samer Majali, who is taking up his post on Aug. 1 and "who has been appointed to lead Gulf Air as it moves into the next phase of its strategy to rebuild the business".
Majali said in an interview published on July 7 that the Gulf Arab state's flag carrier would conduct studies on its strategic position in August, but did not provide details.
Previous Chief Executive Bjorn Naf left the loss-making carrier earlier this month.
Naf had been criticised by Bahraini parliamentarians over his handling of the company since he took over in 2007.
The loss-making carrier cut jobs and trimmed its network that year and started to renew its fleet, after announcing losses of more than $1 million a day. (Reporting by Frederik Richter; Editing by Firouz Sedarat/Will Waterman)
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Oh dear, another CEO and another set of consultants.
Weren't we paying $400 per hour per consultant when Andre Dose took over and what did they tell GF, nothing it didn't know.
Perhaps we could all club together and offer our services as consultants?
Weren't we paying $400 per hour per consultant when Andre Dose took over and what did they tell GF, nothing it didn't know.
Perhaps we could all club together and offer our services as consultants?
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I have no problem with getting consultants, however, it is sad to read that Gulf Air is willing to spend big dosh on consultants when it seemingly is averse to receiving input from its own employees who are willing to provide input in exchange for nothing . . . well, not exactly for nothing . . . with the hope of having a long, meaningful career with a good employer (and hearing a sincere and enthusiastic "thank-you" would be nice in exchange for constructive input). 
Smart managers think they know all the answers. Really smart managers know the right questions.
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i hope this is the best choice for GF. But its good to hear that the airline wants to get back on top again. The airline isnt just sitting hopelessly and doing nothing like Kuwait airways a.d Saudi airlines are!