Airline

Gulf Air Ownership To Be Transferred To Government

Bahrain Mumtalakat Holding Company, the investment arm of Bahrain, said it will transfer ownership of the kingdom’s national carrier, Gulf Air to the government  A statement released by Mumtalakat on Thursday evening explained that, “Given the strategic importance of Gulf Air to the national economy, the Bahrain government is the suitable owner of the airline.”    

Gulf Air was originally co-owned by Bahrain, Qatar, Oman and Abu Dhabi when it was founded in 1950.  Bahrain became the sole owner in 1970 after a series of national and international developments.  The airline has been in the process of carrying out a new restructuring program under the management of former Royal Jordanian airlines chief executive Sameer Al Majali who became Gulf Air chief executive officer on August 1, 2009.  Gulf Air management and Mumtalakat have been working to return Gulf Air to profitability as it deals with tough competition from state owned airlines in Qatar and the UAE, as well as regional low-cost airlines operating in Bahrain, Kuwait, and the UAE.
 

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Multiple Langham Hotels named in 2020 Re...
Swiss Belhotel to open 4 new hotels in t...
Abu Dhabi and Wizz Air announce establis...
Featured Sights To See
Grüneburgpark

Grüneburgpark

Frankfurt, Germany

A 29-hectare park in the Westend of Frankfurt, Grüneburgpark was once the meeting place of great German thinkers like Johann Wolfgang von Goethe and Bettina von Arnim and is now a popular recreation spot for Frankfurters. There’s a lovely botanical garden in one corner and the Palmengarten across the street.  ...

Pol e Khaju

Pol e Khaju

Isfahan, Iran

Address: south end of the Chahar Bagh Khaju Avenue, near the Khaju Square The second of the two most popular bridges in Isfahan, the Khaju is known for its masterfully designed sitting spaces that offer direct contact with the flowing Zayandeh River. The bridge was commissioned in 1650 by Shah Abbas II, and served as both bridge and dam. It links the Zoroastrian neighborhood in the south ...

Abu Dhabi International Marine Sports Club (ADIMSC)

Abu Dhabi International Marine Sports Club (ADIMSC)

Abu Dhabi, United Arab Emirates

The Abu Dhabi International Marine Sports Club was inaugurated in 1993 to form a firm organizational ground for powerboat racing in Abu Dhabi. ADIMSC is the backbone of Powerboat racing in conjunction with DIMC in the U.A.E and Gulf region en bloc. It has been chosen as a National Authority of the UAE Marine Sports Federation and presently is a certified member of Union International Motonautique....

Romerberg

Romerberg

Frankfurt, Germany

This is the central square in Altstadt and is a site used for many of the major festivals and fairs in the city. The Rommerberg has a bunch of historical sites, museums and buildings that are considered a tourist’s first stops. Romer (Town Hall) The Town Hall’s name, Zum Romer means, “To the Romans” in honor of the Roman settlements predating the founding of Frankfurt. The Town Hall buildi...