Admitting it is losing more than $1 million daily, Gulf Air yesterday released details of an extensive $825 million restructuring that will see it transition from a mixed fleet of 34 aircraft to an all-Airbus fleet comprising 28 aircraft and refocus its long-haul international network to one centered mostly on serving the Middle East. "The main goal of our restructuring. . .is to increase flight frequencies to existing key destinations and to add new connections to major economic centers ...

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