Gulf Air announces major restructuring plan
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Gulf Air A320. Courtesy, Airbus
Bahrain-based Gulf Air will launch a major cost-cutting plan and focus increasingly on regional services.
In a statement issued Tuesday, the carrier said it intends to strengthen its Middle East and North African (MENA) services, target 24% in cost savings by year end and simplify its fleet structure.
The restructuring was foreshadowed by October’s announcement of a BD185 million ($494 million) government cash injection in the loss-making national Read more [...]