Bahrains Gulf Air appoints CEO as turnaround plan continues
Bahrain's national carrier Gulf Air has announced the appointment of Maher Salman Jabber Al Musallam as its new CEO, after serving as acting CEO since December 2012.
Al Musallam has, with Gulf Air's executive management team, spearheaded the national carrier's 2013 restructuring strategy to deliver record reductions in the airline's annual losses.
The airline said the promotion was a direct result of the turnaround for the Bahraini airline, adding that it is now seeking "new growth and development opportunities".
Al Musallam said: "This is a responsibility that I do not take lightly - I am honoured to continue serving the kingdom of Bahrain's national carrier and, with the airline's executive management team's ongoing support and efforts, realising its ongoing positive transformation."
Gulf Air also announced the appointment of Sahar Ataei as chief financial officer, Ahmed Janahi as chief commercial officer and Jamal Hashim as chief technical officer.
The announcement follows news of Gulf Air's restructured aircraft orders, comprising 45 aircraft with Boeing and Airbus in deals worth a combined total of $7.6 billion.
In September, Gulf Air said that it had cut its losses by more than 32 percent to BD62.7 million ($166.2 million) in the past year.