Bahrain parliament moves to take back Gulf Air bailout | GulfNews.com:
"Bahrain’s struggling national carrier, Gulf Air, could be forced to hand back a BD185 million (Dh1,802,257,) bailout to the government, according to reports out of Bahrain.
A Bahraini English language newspaper — Gulf Daily News reported that the Bahraini parliament has urged members of parliament to veto a royal decree that handed Gulf Air the bailout more than year ago.
Last year Bahrain’s parliament and Shura Council rejected a request from Gulf Air to be handed BD664.3 million cash injection. The government instead proposed heavy cost cutting measure including significant layouts and a BD185 million bailout."
'via Blog this'
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