Air Transport World

Gulf Air. (Africa/Middle East Report).(restructuring)(Brief Article)

Gulf Air's owner states agreed at a meeting at the end of May to inject 300 million dirhams ($81.7 million) of short-term financing to keep the airline aloft while new President and CEO James Hogan tries to lead a restructuring effort. At the same time, Qatar, home of Qatar Airways, pulled out of the ownership group, reportedly convinced that Gulf Air ultimately faces collapse. …

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