Wednesday 25 January 2012

Gulf Air says Bahrain mulling turnaround options | Reuters

Gulf Air, Bahrain's loss-making national carrier, said on Wednesday that all options were being considered to make it profitable after a newspaper reported that the airline may be dissolved or sold.

"At this stage a range of strategic options are being considered," a spokeswoman for Gulf Air said in an emailed response to questions on the future of the carrier.

She said that Gulf Air, its shareholder Mumtalakat -- Bahrain's sovereign wealth fund -- and the government were all working towards addressing the airline's loss-making position, but declined to go into specifics.

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