Gulf Air Announces $48Mn Profit In 1997
The regional airline Gulf Air - jointly owned by Qatar, Bahrain, Oman and Abu Dhabi -announced on 15 March a net profit of $48mn for 1997. In 1995 and 1996, the airlineincurred losses of $159mn and $156mn respectively. However, the company's Chief ExecutiveOfficer, Shaikh Ahmad Al Nahayyan, told the press that these profits were achieved mainlythrough the sale of its assets, namely 17 aircraft for a total $850mn,...
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