Bahrain to set up new airline
Bahrain, Business, 11/4/1998
A new airlines Gulf Express, to be based in Manama, will be established next year, to service Charjah, Iran and eastern Saudi Arabia, the Gulf News Agency reported Tuesday.
GNA quoted a Bahraini daily as saying that preparations for the establishment of the company, began last month in Bahrain.
The company's worth is estimated between $10 and 15 million with Bahrain shareholders holders owning the largest stake in the capital.
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