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Tue 21 Jul 2009 05:32 PM

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Gulf Air silent on new restructure rumours

Bahraini carrier says announcement about airline's future due after new CEO takes up post next month.

Gulf Air silent on new restructure rumours
NEW BOSS: Gulf Airs new chief executive Samer Majali arrives next month.

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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