Start-up carrier for Bahrain?

Bahrain has become the latest country to be linked with a start-up airline, with newspaper reports suggest that Bahraini and Saudi investors are setting up a private regional carrier.

  • E-Mail
By  Neil Denslow Published  June 15, 2004

Bahrain has become the latest country to be linked with a start-up airline, with newspaper reports suggest that Bahraini and Saudi investors are setting up a private regional carrier. According to the Bahrain Tribune, the airline will have a capital of US$100 million, while the paid-up capital is $40 million. The yet-to-be-named airline will only fly short-haul routes, predominately from Saudi Arabia to Bahrain, and it will act as a feeder service for Gulf Air. The carrier will be jointly owned by Bahraini and Saudi companies, with six Bahraini companies having a 51% stake. The Saudi investors will also be corporations, with no individual investors involved in the plan.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code