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FINANCIAL NEWS
Gulf Air eyes to add new routes
24 Aug 2011
(MENAFN) Bahraini Gulf Air’s chairman, Talal al-Zain, said that the state-owned carrier plans new routes in the Middle East and Europe to add service to financial centers, reported Bloomberg.
The chairman also said that the USD1.06 billion that the Gulf kingdom injected into Gulf Air in 2010 helped very much as the carrier reorganizes. He added that Gulf Air to wanted reach more destinations
al-Zain added that Gulf Air is in the middle of a three- year reorganization plan which aims to restore profit as it confronts newer rivals in the region such as Emirates, Etihad Airways and Qatar Airways.
It is worth noting that Gulf Air is one of the Middle East’s oldest airways which was established back in 1950. The Bahraini carrier is one of more than 35 companies in which Mumtalakat owns stakes.
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