Bahrain May Sell Gulf Air or Reduce Its Size, Daily News Reports

Gulf Air, Bahrain’s state-run airline, may be sold, dissolved, reduced in size or receive government support to continue operating, Gulf Daily News reported, citing confidential documents it obtained.

Selling the airline and building a new carrier is seen as the likeliest scenario and would cost the government 460 billion Bahraini dinars ($1.2 billion), while cutting its size would cost as much as 600 million dinars, according to the newspaper. A committee formed this week is studying options, the Daily News said, adding that a Gulf Air spokeswoman wasn’t immediately available for comment.

-- With assistance from Donna Abu Nasr in Manama. Editor: Alan Purkiss

To contact the reporter on this story: Tamara Walid in Dubai at twalid@bloomberg.net

To contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.