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Bahrain Plans to Pump $491 Million Into Gulf Air, Al-Watan Says

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Oct. 9 (Bloomberg) -- Bahrain’s cabinet is seeking parliamentary approval to inject 185 million dinars ($491 million) into the troubled state-owned carrier Gulf Air, Al-Watan reported, citing members of the parliament.

The cabinet and parliament will hold a meeting today to discuss a rescue plan for the airline as its losses mount, the newspaper said.

To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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