Bahrain to privatise Gulf Air

25 February 2010

Airline focuses on shorter routes to improve profitability

Bahrain’s carrier Gulf Air is to be privatised by the end of 2011, according to a Reuters report.

In the report, Sheikh Mohammed Bin Essa al-Khalifa, head of Bahrain’s Economic Development Board, said privatisation of the airline would realistically take one year.

Officials at Gulf Air were unavailable for comment.

Earlier, the airline said although it expected to make an operating loss of $500m in 2009, it was now focusing on shorter routes in an attempt to make the carrier profitable.

Gulf Air’s chief executive officer Samer Majali said in January that by focusing operations on regional routes, he expected the airline to make savings in excess of 30 per cent (MEED 24:1:10).

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