The Bahraini government has approved a BD185million ($494 million) cash injection for flag carrier Gulf Air (GF)—but the deal may include a radical restructuring.
Courtesy, Gulf Air The Bahraini government has approved a BD185million ($494 million) cash injection for flag carrier Gulf Air (GF)—but the deal may include a radical restructuring (ATW Daily News, Aug. 27). A GF spokeswoman told ATW Sunday that no firm decisions have been reached on the carrier’s future shape, which will depend on negotiations with parliament over the next few weeks. Lawmakers have said the restructuring could include a cut in fleet and workforce by ...
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