Bahrain plans to privatise Gulf Air soon, Bahrain Aviation, Transportation - Maktoob Business

Bahrain plans to privatise national carrier Gulf Air as soon as possible encouraged by positive results in its restructuring, a senior government official said in remarks published on Sunday.

The loss-making carrier could return to profit within a year, paving the way for privatisation, the head of Bahrain's Economic Development Board, Sheikh Mohammed bin Essa al-Khalifa, told newspaper Akhbar al-Khaleej.

Gulf Air was established as a regional airline but has undergone years of restructuring after shareholders Oman, Abu Dhabi and Qatar gave up their stakes, partly to establish national carriers.