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FINANCIAL NEWS
Bahrain- Gulf Air inks deals with Boeing, Airbus to amend orders
13 Nov 2012
(MENAFN) Gulf Air CEO, Samer Majali, stated that due to tough economic conditions, the Bahrain-based carrier adjusted plane orders from both Boeing and Airbus in order to save around USD2.5 billion, reported Arabian Business.
Majali said that the two plane manufacturers agreed to amend the orders, adding that the revised Boeing deal allows Gulf Air to lessen its wide-body 787s Dreamliner order from 24 to 12?16 aircraft, bearing in mind the carrier’s strategic needs.
The CEO said that the airplanes are scheduled for delivery by the end of 2020, and will replace the carrier’s current wide-body fleet.
On the other hand, the amended Airbus agreement lets the carrier cancel its 20 A330-300 aircraft it has on order, and to replace them with 8 A320neo jets, all to be delivered by the end of 2012, whereas another 16 A320neo planes will join the carrier by the end of the decade.
It is worth noting that in October, the Bahraini King issued a royal decree to extend USD491 million to the carrier.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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