Gulf Air ups stake in BAS

Arabian Business English - - SPOTLIGHT -

GULF AIR GROUP HOLD­ING has in­creased its own­er­ship in Bahrain Air­port Ser­vices (BAS), the ground han­dling ser­vices provider at Bahrain In­ter­na­tional Air­port (BIA), to 44 per­cent.

The Mum­ta­lakat-owned hold­ing com­pany’s cash in­jec­tion will also al­low BAS to be­come a ma­jor re­gional – and pos­si­bly in­ter­na­tional – player in the civil avi­a­tion ser­vices in­dus­try, of­fer­ing its ground han­dling ser­vices to air­ports in other coun­tries, a state­ment said.

It added that the in­crease is in line with a heads of terms agree­ment, signed by Bahrain Air­ports Com­pany CEO Mo­hamed Yousif Al Bin­falah and BAS CEO Sal­man Al Mah­meed, which will see BAS re­main BIA’s ground han­dling agent un­til at least 2034.

Ka­mal Bin Ahmed Mo­hammed, chair­man of Gulf Air Group Hold­ing, said: “Con­sol­i­dat­ing con­trol over Bahrain’s key avi­a­tion as­sets will im­prove our abil­ity to im­ple­ment our na­tional strate­gic plans.”

WE AIM TO IN­CREASE THE AIR­PORT’S CON­TRI­BU­TIONS TO THE GROWTH OF OUR LO­CAL ECON­OMY” Mo­hamed Yousif Al Bin­falah, CEO of BAC

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