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Gulf Air

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Submitted By ayshaMA
Words 4257
Pages 18
"Gulf air"

Introduction:
In a world of globalization, speed and technology where everyone is seeking for ways to accomplish their duties easily, and where countries have been connected with each others by economical, commercial, and political affairs, airlines companies appeared as an integral part of the channel of transportation in different countries of the world which have been recently one of the most important ways to carry passengers and goods from a place to other distant places. Among those companies the Gulf Air Company was established in 1950, and since that time it has gone through many stages and conditions, until it reached within these years to a level of the need of restructuring; because of the sequence losses it has faced. As a company that owns the largest aviation network in the Middle East and as it carries a history of about sixty years, it is significant to figure out the main factors that lead it to reach to a loss that is equivalent to BD 190 million in only 2009. This loss is substantial and definitely has negative consequences on the entire Bahraini economy, since the Gulf Air is known as one of the most important ventures that provide employment for significant number of Bahraini population, and therefore have an effect on the Bahraini GDP. Hence things should be analyzed and problems have to be diagnosed in order to find out some hinders and drawbacks, and list some strengths and advantages to reach at the end to general beneficial conclusion.

1-History of Gulf air.

Since the establishment of the Gulf aviation company as a private shareholding company on 24 March in 1950 and it has gone through many changes and stages. First in October 1951 the British Overseas Aircraft Corporation (BOAC) became a major shareholder in Gulf Aviation, holding a 26% of shares, and handling the company administrative activities, until 1973 when

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