Gulf Air's remaining shareholders, the Kingdom of Bahrain and the Sultanate of Oman, have agreed to a recapitalization of the airline that will permit fleet renewal following the withdrawal of the Emirate of Abu Dhabi as an investor (ATWOnline, Sept. 14, 2005). The announcement was made in Oman yesterday by Gulf Air President and Chief Executive James Hogan at the conclusion of a board of directors meeting. He also unveiled the carrier's new three-year strategic plan, dubbed "Smart Airline, ...

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