Bahrain to inject $1.1bn into Gulf Air

20 October 2010

Bahrain is to inject BD400m ($1.1bn) additional capital into its national carrier Gulf Air, Reuters has reported. A royal decree has authorised the finance ministry to raise the funds from local and international capital markets. The airline, which flew close to 6 million passengers last year, plans to break even in two to three years after recording a loss of $502m in 2009.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications