Wednesday 19 February 2020
 
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Gulf Air Group increases stake in Bahrain Airport Services

MANAMA, January 19, 2020

Gulf Air Group Holding (GFG) has increased its shareholding in ground handling services provider Bahrain Airport Services (BAS) to 44 per cent, said a report.

The Minister of Transportation & Telecommunications and Gulf Air Group Holding (GFG) chairman Engineer Kamal bin Ahmed Mohammed made the announcement after signing a concession agreement that will see BAS continue its role at Bahrain International Airport’s (BIA) new Passenger Terminal Building until 2034, said a report in Saudi Gazette.

The agreement was signed between the Minister and BAS Board of Directors chairman Mohammed Jalal, in the presence of senior officials from GFG, BAS, and Bahrain Airport Company (BAC). It complements a previous heads of terms contract signed by BAC chief executive officer Mohamed Yousif Al-Binfalah and BAS chief executive officer Salman Al- Mahmeed during the 2018 Bahrain International Airshow, said the report.

As per the agreement, BAS will continue to serve as the ground handling services agent at the new terminal, providing cargo services for passengers, baggage, aircraft, cargo, catering, and engineering services until 2034. This agreement, which is aligned with the Airport Modernisation Program, is aimed at developing the overall level of service at BIA and ensuring that all ground-handling operations adhere to international standards.

It will also see the company make a BD7 million ($18.4 million) investment in new equipment aimed at improving efficiency and minimising the environmental impact of its operations, it said.

The minister said that the new agreement supports BAC’s objectives to improve airport services offered through the new terminal and strengthen the aviation sector in line with the objectives of Vision 2030.




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