Gulf Air is seeking takers for its Airbus A340s as its newly appointed chief executive begins a “comprehensive review” of the loss-making Bahraini flag carrier.

Aircraft trading and placement company Avinco has been handed a remarketing mandate for the five A340-300s that Gulf Air owns. The airline also has a further four A340-300s on lease.

Gulf Air has long intended to phase out its A340s, originally in favour of leasing Boeing 777-300ERs from Jet Airways. But the carrier, having flown the 777s for a few months, opted not to take the aircraft for the long-term dry-lease it had been considering.

Gulf Air A340