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Last Trade - 14/05/21

Sector
Industrials
Size
Large Cap
Market Cap £67.37bn
Enterprise Value £69.66bn
Revenue £42.84bn
Position in Universe 14th / 850

Bahrain's Gulf Air makes progress in delaying jet deliveries

Wed 14th April, 2021 11:11am
DUBAI, April 14 (Reuters) - Bahrain's Gulf Air has made good
progress in its efforts to delay some Airbus  AIR.PA  and Boeing
 BA.N  aircraft deliveries, its acting chief executive said on
Wednesday.
    The state-owned carrier has been seeking to push back the
delivery schedule of some new jets amid a slump in global travel
due to the coronavirus pandemic. 
    "We had to go renegotiate the delivery dates. We haven't
cancelled anything," Acting CEO Waleed Abdulhameed Al Alawi told
an online event organised by aviation consultancy CAPA.
    "We have actually negotiated with the main suppliers Boeing
and Airbus and we've got good progress with these two
scenarios." 
    Al Alawi told Reuters in January the airline would receive
some aircraft this year but was seeking delays in Airbus A320neo
and Boeing 787 Dreamliner deliveries.  urn:newsml:reuters.com:*:nL8N2JZ07T
    "At the moment no airline would be keen on receiving
aircraft or accepting delivery flights to park these airplanes
because of costs," he told the CAPA event.
    The state-owned carrier was currently operating at about 50%
or 60% of its pre-pandemic levels, he said.

 (Writing by Alexander Cornwell
Editing by David Holmes)
 ((Alexander.Cornwell@thomsonreuters.com;))
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