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FINANCIAL NEWS
Gulf Air Bahrain cuts 62 percent of 2015 losses
09 Jun 2016
(MENAFN) Gulf Air Bahrain reduced its annual loss for last year by 62 percent to USD 63mn, which was enabled to manage its future growth.
On the other hand, the Bahraini carrier has been under restructuring since 2012, when its losses reached USD 516.34mn.
Meanwhile, the gov’t-backed airline ordered 45 Boeing and Airbus aircraft with a whole of USD 7.6bn.
Moreover, the Bahraini carrier recently operates a fleet of 28 small and large Airbus airplanes, while the new aircraft will increase its global network.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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