Business as Usual at Gulf

13th Sep 2005

There will be no change to Gulf Air’s core approach to business or to its on-going business strategy as a result of the withdrawal of Abu Dhabi as a shareholder in the airline, said Gulf Air President and Chief Executive James Hogan today.
Abu Dhabi announced today that it will withdraw its shareholding in the airline over the next six months.Ê
He said: “For the wide Gulf Air family - our customers, our staff and our suppliers - the key issue is how we are run; and that will be business as usual.
“We will continue to build upon our successes, enhancing our brand and our services to reinforce our position as the leading airline in the region.
“In the last three years, we have made massive strides in our business performance.Ê We have done that by focusing on our customers, on our staff and on our services.Ê We will continue to do so into the future.”
Mr Hogan welcomed the confirmation of continued support from the Kingdom of Bahrain and the Sultanate of Oman, published today in a joint press statement from the Government of the two States.
He said: “I have been delighted to see such strong commitment from the Kingdom of Bahrain and the Sultanate of Oman and I thank them for their continued support.Ê I look forward to reporting to them on the further successful development of the airline in the future.“Having worked well with our many friends and colleagues in Abu Dhabi for many years, we would like to thank them for their support over recent years.Ê We understand that they wish to focus their airline development strategy in other directions and we wish them luck and success.
“Our focus, however, will remain on our own business and our own key strategic initiatives.”

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