Bahrain Air aims to break even in 2011

Ibrahim Al Hamer, managing director of Bahrain Air, the kingdom's first low-cost airline, has said the carrier plans to increase its authorised capital to BD30m ($79.6m) from the current BD20m and hopes to break even in 2011 as it expands its operations, Gulf Daily News has reported. 'Hopefully, the troubles of the world economic crisis are behind us and things are looking up, but we have to keep our fingers crossed as we look towards a complete recovery,' Al Hamer told the daily. The airline, which launched operations in February 2008, has a 68% Bahraini shareholding, while 32% is owned by Saudi investors.