Courtesy, Gulf Air Gulf Air (GF) is awaiting the result of deliberations in the upper house of Bahrain’s National Assembly after the lower house rejected a government proposal to recapitalize the beleaguered national carrier (ATW Daily News, Dec. 21, 2011). The proposed bailout of BD664 million ($1.75 billion) came after several years of heavy losses for GF, which has gradually shrunk over the past two decades as former partners Abu Dhabi, Oman and Qatar pulled out of the ...

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