Shaikh Mohammed bin Essa Al Khalifa, chief executive of Bahrain's Economic Development Board, has said the kingdom plans to privatise Gulf Air within about a year, after its turnaround programme bears fruit, Reuters has reported. 'The intention is to privatise but if you're going to privatise something, people want something that doesn't have a hundred-tonne anchor weighing it down,' he told the news service. 'It will take realistically a year.'
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