Gulf Air announced that approximately $900 million in funding for the "first phase of its fleet upgrade" is scheduled to be in place by May. The carrier's shareholders, the Kingdom of Bahrain and the Sultanate of Oman, agreed to a recapitalization at a board meeting in Oman earlier this month (ATWOnline, Feb. 8). "The renewed confidence the financial markets have in Gulf Air's commercial performance over the past few years has resulted in us moving forward at a good pace," President and CEO ...

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