Saturday 17 March 2012

gulfnews : Cash injection urged for Gulf Air

A rejection by Bahrain's parliament of approval of a 664.3 million Bahraini dinar (Dh6.4 billion) payment to Gulf Air could jeopardise the national carrier's survival, the government has warned.
Finance Minister Shaikh Ahmad Bin Mohammad Al Khalifa and Transportation Minister Kamal Ahmad told leading members of both chambers of parliament that they needed to move promptly to help the ailing airline overcome its massive losses.
"Remaining passive and not making decisive moves or providing positive support will be a direct threat to Gulf Air's capability to survive and to overcome the daunting challenges it is now facing," the ministers said.


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