Bahrain Air capital increase approved
Tags :
Middle East,
Bahrain Air,
finance,
capital increase
Bahrain Air general assembly has decided to double the airline's authorised capital to USD 53 million dollars.
The purpose of the capital increase is to assist with the financing of newly announced purchase of six Airbus A320 aircraft, in addition to the agreement signed to dry lease two A319 Airbus aircraft and to encourage the company to expand its stations abroad to 20 destinations in North Africa, South East Asia, Gulf and Middle East. The move will also include expansion in the number of existing flights.
(c) Centre for Asia Pacific Aviation. Date posted: 18-Sep-08
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Bahrain Air capital increase approved 
