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.

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