Gulf Air’s 2013 restructuring strategy yields positive results

Gulf Air, the Kingdom of Bahrain’s national carrier, has announced a 52% reduction in annual losses and a financial performance that surpassed the airline’s restructuring target by BHD14.5 million, following the successful implementation of its 2013 restructuring strategy. Launched in December 2012, Gulf Air’s 2013 restructuring strategy was led by the airline’s Board of Directors, chaired by H.E. Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister, and driven by the Executive Restructuring Committee and Gulf Air management. The strategic restructuring of the national carrier has put it firmly on-track towards achieving long-term commercial sustainability. H.E. Shaikh Khalid bin Abdulla