GF board discusses IPO

Gulf Air's board is meeting this evening (May, 4th) to discuss privatisation.

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By  Neil Denslow Published  May 4, 2005

The owners of Gulf Air -Bahrain, Oman and the Emirate of Abu Dhabi- are discussing plans to privatisation the carrier at a board meeting tonight. If the plan is approved then an announcement is expected to be made in the next couple of days. Press speculation has focused on a possible Emirates Airline IPO in recent days, but Gulf Air's plans are in fact much more advanced. James Hogan, the carrier's president & chief executive, talked about the possiblity of a floatation during the airline's recent results press conference when a net profit of US $4 million was reported. Informed sources have now told Aviation Business that the plan is being discussed at board level today.

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