Former Croatia Airline CEO to leave Gulf Air

NEWS FLASH


The former CEO of Croatia Airlines and the current head of Gulf Air will leave the Bahraini company at the end of the month after three years at the helm. Commenting on this development, the Chairman of Gulf Air’s Board of Directors, Zayed R. Alzayani said, “We extend our sincere thanks to Mr Krešimir Kučko for his dedication, contributions and services during his tenure with us. On behalf of Gulf Air’s Board of Directors, the airline’s management team and workforce I extend my thanks to him for his contributions and wish him success going forward”. Mr Kučko said, “I was truly honoured to have contributed to the success story of Gulf Air over the past three years amidst the many challenges we faced. Working with a talented, majority Bahraini workforce of aviation professionals has been a positive experience that saw us collectively deliver strong results for Gulf Air. The experience of living in the Kingdom of Bahrain has been truly incredible both for myself and my family; we have been warmly welcomed by all and truly embraced Bahrain’s rich culture”. Joining in 2017, Mr Kučko began his journey at Gulf Air by setting the organisation's strategy and a five-year network and fleet expansion plan. He significantly cut costs while increasing its revenue, rolling out a host of updated services for passengers and cutting operational losses. This was achieved in a challenging operating environment characterised by fluctuating fuel prices, growing competition and, most recently, the Covid-19 pandemic which has impacted the global aviation landscape.

Mr Kučko previously managed Croatia Airlines between 2012 and 2017. During his five-year tenure he led the company through a restructuring process, which included the launch eight new seasonal routes, but also the sale of numerous assets including slots at Heathrow Airport, the sale and leaseback of aircraft and engines, the sale of affiliated companies and disputes with the workforce which resulted in one of the longest strikes in the company’s history. However, his strategy saw the airline register five consecutive years of profit.

Comments

  1. Anonymous14:12

    This kind of asset will not be unemployed for long.
    Hopefully Croatia Airlines owner will recognise opportunity.

    ReplyDelete
    Replies
    1. Anonymous15:16

      "...five consecutive years of profit."
      It does not say HOW. I would not consider selling the assets as a good business strategy. In other words, if you sell everything your balance may be positive for a while but soon you end up with nothing left.
      Those are just polite words, the way politic and corporate business are run, but the fact that they "kick him out" after three years tells enough...

      Delete
  2. Anonymous19:41

    This man destroyed Croatia Airlines, sold off all its assets for short term gain.

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    Replies
    1. Anonymous22:21

      1 aircraft, Pleso prijevoz and 5 LHR slots were not all OUs assets.

      Delete
    2. Anonymous09:43

      is Pleso prevoz really that big to be an important asset

      Delete
  3. wonder why, gulf air was on a great come back just before covid, if covid is the reason then all world airlines CEO s colud be kicked out

    ReplyDelete
  4. Anonymous22:34

    Is he coming back to OU maybe? I would rather see him as a CEO of OU then Bajić.

    ReplyDelete
  5. air serbia should react immediately and grab krešo, before he flies to SE Asia or something similair

    ReplyDelete
    Replies
    1. Anonymous01:05

      Hahahahaha !!!

      Delete

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