Bahrain: Gulf Air handed bail out to keep flying

Bahrain: Gulf Air handed bail out to keep flying
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Published November 1st, 2012 - 10:25 GMT via SyndiGate.info

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Bahrain's ruler has demanded that flag carrying airline Gulf Air  be recapitalised
Bahrain's ruler has demanded that flag carrying airline Gulf Air be recapitalised
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Gulf Air
,
Samer Majali
,
Hamad bin Isa al Khalifa

Bahrain’s ruler King Hamad bin Isa al Khalifa has issued a decree allocating BD185 million ($490.9 million) funding to support the ailing national airline Gulf Air, the local Gulf Daily News reported.

“The decision to provide funding for the national carrier recognises its position as a key component of Bahrain’s economy and infrastructure, providing direct and indirect employment to over tens of thousands of people,” chief executive Samer Majali was quoted by the daily as saying. 

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