Air Transport World

Gulf Air: East)(Gulf Air Company GSC)(Brief article)

The emirate of Abu Dhabi withdrew its shareholding in Gulf Air over a six-month period spanning late 2005 and early 2006 as it focused on Etihad, leaving just two remaining owners: The Kingdom of Bahrain and the Sultanate of Oman. Qatar, the fourth founding partner, left in May 2002. President and CEO James Hogan insisted the carrier's "core approach" will not change. Its remaining shareholders agreed to a recapitalization in February that made $900 million in funding available for fleet renewal. The airline is planning to replace its nine 767-300s.

Hogan this year unveiled a new three-year strategic plan dubbed "Smart Airline, Successful Business" that includes a "two-hub strategy" under which it is concentrating activities in Bahrain and Muscat. …

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