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Financial and Banking News

Bank Finance

Gulf Air Hopes to Reduce Losses Predicted for 1991

MEES learns that Gulf Air may not have to declare huge losses for 1991,despite dire predictions from officials a few weeks ago. The airline announcedin late April that it had made losses of $95mn in 1990 and was expecting furtherlosses of $114mn in 1991. However, the new management team appointed at the endof last year is considering a number of options which could reduce the...