Saturday 19 April 2014
 
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Downsize

$1.6bn plan to revive Gulf Air; downsize likely

Gulf Air, the national carrier of Bahrain, is set to be downsized as part of a radical BD600 million ($1.59 billion) plan to revive the airline and reduce its losses. An initial agreement was yesterday (March 19) reached between the Cabine

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Gulf Air to downsize, seeks state funds

Bahrain's struggling national carrier Gulf Air, which has been hit by falling passenger numbers, will shrink operations and seek cash from government funds, its chief executive said on Wednesday. The move is in contrast to Middle East

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