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Bahrain's Gulf Air flying despite financial woes

Associated Press Published: May 8, 2012

MANAMA, Bahrain (AP) — Bahrain's cash-strapped carrier Gulf Air says it will continue operating as normal despite failing to secure a financial aid package.

Government-owned Gulf Air said Tuesday it was disappointed that parliament rejected a proposal to recapitalize the carrier.

It says its funding requests have now been referred to the Shura council, the upper house whose members are appointed by the king.

The parliament was considering a 664 million dinar ($1.76 billion) recapitalization package requested by the government. Legislators could not be reached for comment after the voted on it.

Money-losing Gulf Air's financial problems have been compounded by unrest still roiling Bahrain.