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

Gulf Air and Etihad Airways sign codeshare

Gulf Air and Etihad Airways have signed a codeshare partnership for travel commencing with the summer schedule.

Joramco obtains the A320neo FAA approval

Joramco has announced the addition of the A320neo to its FAA approval after adding this capability to the EASA approval last month.

35 airlines confirmed for inaugural CONNECT Middle East, India & Africa forum

More than 30 airlines have confirmed their participation at the inaugural CONNECT Middle East, India & Africa Ė co-located with Arabian Travel Market 2019 and taking place at Dubai World Trade Centre on Tuesday 30th April and Wednesday

Alpha Aviation Academy to expand to Australia

Alpha Aviation Academy (AAA), a Middle East pilot training provider, is to partner with international flight training provider Airways Aviation.

Emirates increases flights to Cairo

Emirates has announced it will increase the frequency of flights between Dubai and Cairo, adding four additional flights a week to its existing thrice-daily service, starting 28 October, 2019.

Boeing announces trio of leadership moves

Boeing has announced three leadership moves aimed at further strengthening the company's global presence and partnerships.

Connect MEIA SK1402010519
See us at
ACCA19_BT2141218280219Connect MEIA BT1402010519