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Steven Frischling
Live: HVN
Work: JFK-SFO-CDG-HKG
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Steven Frischling, aka: Fish, is globe hopping professional photographer, airline emerging media consultant working with large global airlines and founder of The Travel Strategist. Fish has racked up more than 1,000,000 miles since he started to track his mileage in 2005.

Fish's travel tends to be less than leisurely, including flying from New York to Basrah, Iraq, for six hours; Hong Kong for eight hours, Kuwait City for two hours and traveling around the world in 3.5 days to shoot a series of photo assignments in 4 cities and 4 countries on 3 separate continents.

Fish grew up at the end of New York's JFK International Airport's Runway 4R/22L, which probably explains his enjoyment of watching planes, fly overhead. When not shooting photos or traveling Fish designs camera bags, hones is expertise on airline security and spends his time at home cheering for the Red Sox with his 3 kids 102 yards from the ocean.

Is Gulf Air Being Liquidated or Sold Off Imminent?

01.25.2012 | Author: flyingfish | Posted in Uncategorized

A joint Bahraini Parliament and Shura Council Committee was established on Monday to explore whether Bahrain’s national flag carrier, Gulf Air, should be severely downsized, sold, liquidated, or either liquidating or selling the airline, then establishing a new airline.

 

Gulf Air has struggled to become profitable, and despite the CEO’s pledge to not “request funding from the government to support the airline’s operating losses to the tune of hundreds of millions of dollars per year,” back in May 2010. The airline requested and accepted US$1,000,000,000 in financial aid from the Bahraini government in October 2010 to keep the airline flying.   Now as the airline continues to fend off formidable competitors in the region, the airline struggles to remain operationally sustainable.

 

Each of the options under review by the Bahraini Parliament and Shura Council brings significant financial ramifications.  Reducing the size of Gulf Air’s operations could cost the company an estimated US$1.6-billion in costs associated with laying off redundant staff and terminating international contracts and partnership agreements   Should the Bahraini government seek to sell off Gulf Air, assuming there is a buyer, and establish a new national flag carrier, the financial burden is decreased to an estimated US$1.2-billion.

 

For now Gulf Air will continue to operate as usual, but the future of Gulf Air appears to be up in the air … just as the airline tenders its bid to begin operating a domestic route network within the borders of Saudi Arabia.

 

Happy Flying!

 

@flyingwithfish

One Response

  1. Oussama January 25th, 2012 at 9:15 am

    Downsizing is probably the way to go. No one will buy the airline. The best solution is close it down and restart new. One thing to remember is the labour union is very powerful in GF and has to be accommodated in any settlement.
    At one time there were whispers of a merger with Royal Jordanian, who knows.
    A merger with IAG or RJ may be viable if the Bahrain government assumes most of the debt. It certainly falls in a region between RJ and Kingfisher in the Oneworld network and will fill a gap.

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