Gulf Air ups stake in BAS
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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