VOL. XLVI

No 2

13-January-2003

CAPITAL MARKETS

Gulf Air Gets $238Mn Cash Injection, With Government Debt Deferred

Gulf Air is to receive a BD90mn ($238mn) cash injection and its government debt will continue to be deferred as part of a three-year strategic recovery plan which was approved by its three owner states of UAE, Bahrain and Oman at a board meeting held in Bahrain on 18 December 2002. The recovery plan will allow the airline to form international alliances, launch new destinations and...