Bahraini flag carrier Gulf Air last week signaled a major shift in its fleet plans, affecting orders with both Boeing and Airbus. The airline has already signed so-called amendment agreements with the manufacturers “to reduce long-term liability and meet future strategic needs.”
Gulf Air said negotiations with the airframers date back to last year, as high fuel prices, a general slump in air traffic and so-called regional developments forced the airline to suspend service to a number of destinations in a bid to preserve its ongoing viability.