The future of Bahrain-based Gulf Air will be decided at a board meeting on 29 May when the company's four shareholders, the governments of Abu Dhabi, Bahrain, Oman and Qatar, will decide on a proposed $272.5 million rescue package for the ailing airline. Qatar and Oman are reportedly opposed to further funding. The company plans a new strategy, involving the acquisition of new aircraft, dependent on funding.
Source: Flight International
American Airlines has nominated BNSF Railway chief executive Kathryn Farmer to join its board of directors, with a vote set for June.
Former Sun Country Airlines chief financial officer (CFO) Dave Davis will be the next chief executive of Spirit Airlines, effective on 21 April and filling a post left vacant by the recent departure of former CEO Ted Christie.
Air New Zealand expects a “substantial reduction” in the compensation received for ongoing engine reliability issues, which it says will impact its financial performance for the year ending 30 June.
