Gulf Air, Bahrain's national airline, will place an order for between 40 and 50 aircraft in the next six months, Chief Financial Officer, Sahar Ataei, told Gulf News in Dubai on Tuesday.
"We have finalised some aircraft deals and are still looking to finalise some others within the coming six months," Ataei said on the sidelines of the Middle East & Africa Airfinance Conference.
The new aircraft will be used for regional and long-haul routes and will feature a new cabin product, Ataei said without providing further details.
Gulf Air is in the third year of an aggressive restructuring plan that saw the airline cut its losses in 2014 by 32 percent to 62.7 million Bahraini dinars (US$166.2 million). The aircraft order, which will include narrow-body short haul and wide-body long haul aircraft, is part of the airline's expansion plans from the end of 2016 when it expects to be debt free.
"We have almost paid 75 to 80 percent of all the [legacy] debts" and the airline is on track to pay off all of its pre-2013 debts by the end of next year, Ataei said.
Africa’s rapidly expanding urban youth population, rising middle class and accelerating infrastructure development are set to propel passenger traffic growth of nearly 6% per year through 2045,...
The Los Angeles Rams have touched down in Melbourne on a Qantas charter flight ahead of Friday's NFL game at the Melbourne Cricket Ground, the first regular season game the league has played in Au...
Baltic Ground Services (BGS), a global provider of ground handling and aircraft fueling services, has initiated cooperation with Airest, taking over into‑plane fueling operations at Kaunas (KUN) and R...
Emirates has further strengthened its leadership in cabin innovation with the introduction of the world’s first electrically powered Premium Economy seat, now entering service on the airline&rsq...
