Gulf Air CEO Quits; Airline Under Criminal Investigation

Jul 24th, 2007 | By Jared Blank

As good as it’s been for other Middle East based airlines, Gulf Air, the carrier co-owned by Bahrain and Oman, has struggled mightily. And things just got worse. Their CEO, who just joined 4 months ago, resigned yesterday amid the news the Bahrain’s government has launched a criminal investigation of the airline. No word on what they’re investigating. The airline’s chairman, who seems a bit feisty (in a good way) said, "Guys this is a public prosecution investigation; I want everybody to shut up." You don’t hear that too often.

Gulf Air is reportedly losing $1 million a day.

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