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Metito eyes expansion plans

METITO, THE UAE-based utilities provider, is unlikely to go for an IPO this year and may opt to concentrate on aggressive expansions first.

Gulf Air lease four Boeing 777s

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GULF AIR, THE national carrier of Bahrain, has signed an agreement to lease four new Boeing 777 ER aircraft as part of the airline’s re-fleeting and product-enhancement strategy. Three of the new aircraft joined the airline during March 2009 while the fourth one will join in May. The aircraft, leased from Jet Airways, will be used on a number of routes including London, Kuala Lumpur, Bangkok and intra Gulf Routes, gradually replacing the Airbus 340s.

 

“The introduction of these four aircraft is another important step in our strategic direction towards re-fleeting, enhancing our product and strengthening our presence as the carrier of choice in the Middle East and beyond,” says Gulf Air chief executive officer Björn Näf. ”In addition it will further strengthen our successful hub-and-spoke network and our operational efficiency while offering enhanced passenger comfort and flying experience.

The addition of the Boeing 777’s to our fleet is a major coup for us; the product they offer is one of, if not, the best in the world. I am confident that this will once again make Gulf Air the airline of choice and leave our passengers with an easy decision when deciding which airline to fly." The wide body Boeing 777- 300ER is the largest long-range twin-engine commercial aeroplane in the world. It extends the 777 family’s span of capabilities, bringing twin-engine efficiency and reliability to the longrange market.

The aircraft come with a luxurious interior and amenities that provide the most comfortable travel experience to both premium and economy class passengers in a three-class configuration (First, Business and Economy) with a capacity of 312 seats. First class passengers on these aircraft can enjoy the luxury of a private suite with bespoke furnishing and a fully flat bed complete with a personal wardrobe. The herring-bone design business class offer a lie-flat bed with 180 degree recline and a privacy wall. Economy class seats come with more leg space to stretch out, a 130-degree recline and a hammock headrest to support head and neck.

“As the national carrier of the Kingdom, we are constantly looking at opportunities, where we can offer enhanced products and services for our customers," Gulf Air Deputy CEO, Ismail Karimi said. "Ultimately, we want Gulf Air to be the airline of choice. These almost-new aircraft with state-of-the-art cabin features will, I am sure, give our customers a luxurious and relaxing travel experience." Gulf Air already has two A330 aircraft on short-term wet-lease from Jet Airways.

 

Business and Management

  • US$130mn Saudi Arabia power plant component order won

    Siemens Energy has secured a US$130mn order to supply gas turbine packages to Saudi Arabia. The components are to be installed in the Hail Extension II and Al Qurayat Expansion II power plants. The purchasers are the Alfanar Construction Company and Saudi Services for Electromechanic Works (SSEM) respectively and they will perform the project on a turnkey basis for the Saudi Electric Company (SEC) utility. Delivery of the components is scheduled for 2010 and 2011.

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Executives Calendar

September 2010

SEPTEMBER 2010
27-30 Project Iraq ERBIL
www.ifpqatar.com

October 2010

OCTOBER 2010

3-6 Saudi Build RIYADH
www.recexpo.com

4-6 Powergen Middle East DOHA
www.power-gen-middleeast.com

17-19 PG&WSME ABU DHABI
www.powerandwaterme.com
17-20 Recycling & Waste Management KSA RIYADH
www.recexpo.com

17-21 GITEX Arabia DUBAI
www.gitex.com

18-21 Erbil International Fair ERBIL
www.ifpqatar.com

25-27 Saudi Transtec Dharan
www.sauditranstec.com


November 2010

NOVEMBER 2010
1-4 GCC Power DOHA
www.ifpqatar.com

1-4 Adipec 2010 ABU DHABI
www.adipec.com

2-6 Jordan Motorshow AMMAN
www.ifpqatar.com
21-24 The Big 5 DUBAI
www.thebig5exhibition.com

28-30 Roadex/Railex ABU DHABI
www.roadex-railex.com
28-30 MEMEX 2010 ABU DHABI
www.memexnews.com