Nickel alloy composition

A nickel alloy composition, having particular utility for forming an oxidation resistant blade tip on a turbine blade, preferably has a composition substantially as defined by the nominal composition Cr 4.5 wt %; Al 6 wt %; Co 4 wt %; Ta 6 wt %; Re 4 wt %; Hf 0.15 wt %; C 0.05 wt %; Si 0.1 wt %; B 0.005 wt %; W 2 wt %; La 0.003-0.005 wt %; and Y 0 0.003 to 0.005 wt %; the remainder being nickel