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

Jan. 25 (Bloomberg) -- 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

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