Gulf Air (Arabic: طيران الخليج Ṭayarān al-Ḫalīǧ) is the flag carrier of the Kingdom of Bahrain. The airline operates scheduled services to 41 destinations in 26 countries across Africa,Asia and Europe. Its main base is Bahrain International Airport.[1] The company's logo features a golden falcon.
The airline is not part of an airline alliance but is part of the oneworld global explorer fare. It has extensive codeshare services with other airlines and special partnerships with Jet Airways and Oman Air's Frequent Flyer Programs.
The turning point for Gulf Aviation came in 1973 when the governments of the Kingdom of Bahrain, State ofQatar, the Emirate of Abu Dhabi and the Sultanate of Oman purchased BOAC's shares in Gulf Aviation. The Foundation Treaty signed on 1 January 1974 gave each government a 25% shareholding in the re-branded Gulf Air, which became the national carrier for the four states in the Persian Gulf. Later that year, the airline's support of oil exploration resulted in the establishment of the wholly owned Gulf Helicopters subsidiary.[1]
With leased Lockheed L-1011 Tristar and Boeing 737s joining the fleet, by 1976 Gulf Air had expanded its route network to include: Amman, Amsterdam, Athens, Baghdad, Bangkok, Beirut, Cairo, Colombo, Delhi,Dhaka, Hong Kong, Jeddah, Khartoum, Larnaca, Manila, Paris, Ras al-Khaimah and San‘a’. The fleet comprised 4 Vickers VC10s, 3 BAC One-Elevens, 2 Lockheed L-1011 Tristar 200s, and 5 Boeing 737-200s. Two years later the Tristar fleet had doubled, replacing the VC10s, and the Boeing 737s had increased to 9, resulting in the phasing out of the One-Elevens.
A return to profit was announced, with the best financial performance since 1997 . Despite a BD30 million (US$80 million) cost to the business through fuel price rises during the year, Gulf Air recorded a profit of BD1.5 million (US$4.0 million) in the calendar year to December 2004, on revenues up 23.8% to BD476.3 million (US$1.26 billion) (2003: BD 384.6 million / USD1,020.2 million). The results meant the airline out-performed the targets set under Project Falcon, the three-year restructuring plan approved by the Board in December 2002.
The owner states of Gulf Air at that time - the Kingdom of Bahrain, the Emirate of Abu Dhabi and theSultanate of Oman - confirmed their support for further expansion of the airline, through a new three-year strategic plan which would include re-equipment of the aircraft fleet and recapitalization of the business through private sector financing. Gulf Air was also placed on the IOSA registry following its successful completion of the IATA Operational Safety Audit (IOSA).
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