Gulf Air's latest delivery puts it on renewal target

Gulf Air said today it is on target with its fleet renewal programme following the delivery of the eighth A320-200.

The arrival of the new aircraft marked the final delivery in the first phase of the airline’s order for 15 A320-200s and brings the number of new aircraft in the airline’s fleet in the last 10 months to ten; eight A320-200s and two E170AR regional jets; reducing the average age of the fleet from 12 to 8 years.

The new aircraft have replaced five older narrow body aircraft phased out in the last five months due to increasing maintenance costs and low fuel efficiency.

Gulf Air chief executiuve Samer Majali said, “ We are delighted to be on-track with our aircraft re-fleeting programme. A core proposition of our new strategy is to increase our regional strength and position. In order to achieve this we need to ensure that our aircraft are optimized for the routes served. Narrow-body aircraft form the backbone of our regional network as we continue to identify niche markets and serve them. As such it is important that we invest in the most efficient and reliable aircraft with the highest levels of comfort for our customers.”

The A320-200 aircraft have been financed under Export Credit Agency backed financing, demonstrating the strong relationship between Gulf Air and the global financial community and the ongoing credibility and confidence Gulf Air has with its business partners. Gulf Air has been able to attract the maximum financing support available under such transactions.