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
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