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Cash investment rejection could signal the end for Gulf Air

19 March 2012

The Bahraini cabinet has warned a rejection by the parliament to approve a BD664.3m payment to Gulf Air could jeopardise the national carrier's survival, Gulf News has reported. Finance minister Sheikh Ahmad Bin Mohammad Al Khalifa and transportation minister Kamal Ahmad told leading members of both chambers of parliament that they needed to move promptly to help the ailing airline overcome its massive losses. "Remaining passive and not making decisive moves or providing positive support will be a direct threat to Gulf Air's capability to survive and to overcome the daunting challenges it is now facing," the ministers said.

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