Bahrain MPs are threatening to veto a government bailout of Gulf Air unless their demands for annual payouts for Bahraini families are approved.
Parliament was notified yesterday that the Cabinet had refused a proposal to pay families BD10
Bahrain parliament's financial and economic affairs committee yesterday (April 16) recommended MPs reject a proposal to pump BD664.3 million ($1.76 billion) into Gulf Air to help revive its fortunes.
Committee chairman Ali Al Durazi said t
Politicisation of Gulf Air is hurting the national airline of Bahrain, and unless a credible survival blueprint is produced quickly, it could be too late, said a report.
The government’s bail-out fund is getting bigger and bigger, but the