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Gulf Air calls for state funding, shrinks operations
- Bahrain: Thursday, January 26 - 2012 at 09:15
Samer Majali, the chief executive of Bahrain's Gulf Air has said the carrier plans to shrink operations and seek cash from government funds, Reuters has reported. "The downsizing will affect the network and affect the fleet,' Majali said. However, he said staff numbers would not be affected. The airline could tap Bahrain's sovereign wealth fund Mumtalakat, which has a stake in the carrier. "This is currently being debated," he said when asked if the airline expects to get any assistance from the government or Mumtalakat.
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StaffThursday, January 26 - 2012 at 09:15 UAE local time (GMT+4)
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