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FINANCIAL NEWS
Gulf Air in final talks to purchase 50 aircrafts
15 Oct 2015
(MENAFN) Bahrain’s Gulf Air is in final talks to place an order for up to 50 aircraft to meet the airline’s needs over the next decade, the carrier’s chief financial officer said.
“We are looking at both narrow and wide-body aircraft for replacement of (the) current fleet… and for growth,” CFO of Gulf Air told Reuters in an email interview.
She said negotiations with manufacturers were expected to finish by the first quarter of 2016, but did not disclose which manufacturer was preferred.
Gulf Air reported an annual loss of USD166.2 million for 2014, down from a loss of USD245.7 million in 2013, as it switches from low-value transit traffic to high-yield point-to-point routes.
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