The government of Bahrain and its biggest sovereign wealth fund are expected to announce within days whether it will close down, sell off or undertake a wholesale restructuring of the struggling carrier Gulf Air.
"Gulf Air has faced challenges in recent times, in common with other carriers around the world and combinations of unprecedented regional and economic factors have made business increasingly difficult," Gulf Air said.
"Given this, Gulf Air, its shareholder Mumtalakat and the government, both through the cabinet and parliament, are all working towards a common goal - to secure Gulf Air's long-term sustainability and to actively address the airline's loss-making position. A range of strategic options are currently under consideration."
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