Subscribe Free
in Airports

Gulf Air Group Holding to increase shares in Bahrain Airport Services to 44 per cent

Posted 20 November 2018 · Add Comment

Gulf Air Group Holding increased its ownership in Bahrain Airport Services (BAS), the ground handling services provider at Bahrain International Airport (BIA), to 44 per cent, strengthening the Mumtalakat-owned holding companyís control over a key strategic aviation asset.

The cash injection will also allow BAS to become a major regional and possibly international player, offering its ground handling services to airports in other countries. His Excellency the Minister of Transportation and Telecommunications and Chairman of Gulf Air Group Holding Eng. Kamal bin Ahmed Mohammed and BAS Board of Directors Chairman Mohammed Jalal signed the agreement during the second day of the Bahrain International Airshow (BIAS) 2018. In attendance were the Gulf Air Group Holding Board of Directors and officials from BAS and Bahrain Airport Company (BAC).

The increase is in line with a heads of terms agreement, signed by BAC Chief Executive Officer Mohamed Yousif Al-Binfalah and BAS Chief Executive Officer Salman Al-Mahmeed, which will see BAS remain Bahrain International Airport’s (BIA) ground handling agent for passengers, luggage, aircraft, and catering services until at least 2034. The agreement is aimed at developing the overall level of service at BIA and ensuring all ground handling operations adhere to international standards.

HE the Minister said: “In line with the objectives of Vision 2030 and efforts to strengthen the aviation sector as a key driver of the Bahrain economy, this purchase allows BAS to play an even more significant role in BIA’s transformation into a world class boutique airport. Consolidating control over Bahrain’s key aviation assets under the umbrella of the Group will improve our ability to implement national strategic plans. For passengers and cargo, it will mean an improvement in the levels of service throughout the airport and a streamlining of procedures.”

“This agreement, in step with the other development projects taking place as part of the $USD 1.1 billion Airport Modernisation Programme, also marks the launch of the Group’s strategy to leverage BAS’s ground handling expertise to expand its business regionally and internationally."

* required field

Post a comment

Other Stories
Advertisement
Latest News

Qatar Airways Group chief executive addresses Global Aviation Summit in Mumbai

A Qatari delegation led by the Qatari Minister of Transport, Mr. Jassim bin Saif Al Sulaiti, which also included the chairman of Qatarís Civil Aviation Authority, Abdullah bin Nasser Turki Al-Subaey and Qatar Airways Group chief

Spatial launches new website to further support its global client base

Spatial, a provider of cabin crew training simulators based in Ras Al Khaimah, has launched its new company website to help further support its expanding global client.

The New Airport Show Istanbul to take place in June

The aviation industry in Turkey is on the rise after the opening on 29 October 2018 of Istanbul Airport and now it is to host The New Airport Show Istanbul from June 18-20, 2019.

GCAA wins at Sheikh Mohammed Bin Rashid Al Maktoum Award for Governmental Excellence

Winners of Sheikh Mohammed Bin Rashid Al Maktoum Award for Governmental Excellence in its fifth edition 2018 were honoured yesterday in Abu Dhabi.

Home and away, TS&S builds links to the future

Abu Dhabiís TS&S Aerospace is spreading its wings with fresh maintenance, repair and overhaul (MRO) contracts beyond its home territory. Acting CEO, Mansoor Janahi, talks to Chuck Grieve about whatís driving this expansion.

Emirates and Flydubai continue to expand partnership

The strategic partnership between Dubaiís two airlines, Emirates and Flydubai, continues to grow since its launch 14 months ago as it adds new codeshare destinations in 2019.

ACCA19_SK0201080919
See us at
AIME19BTA3005120219Aviation Africa BT0607280219ACCA19_BT2141218280219MECAS_BT171218130219SaudiAirshowBT0711140319