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$1.6bn plan to revive Gulf Air; downsize likelyGulf 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 More… |
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Gulf Air to downsize, seeks state fundsBahrain'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 More… |
