Conflict of interest within Gulf Air
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Michael Wette joined the airline’s board in December last year to represent Bahrain’s holding company Mumtalakat and Roland Berger consultants were employed to assist the restructuring effort by the stricken airline, aimed at curving losses of more than US$1 million (BD377,000) per day.
As reported by the Arabian Business.com, the Bahraini financial and economic affairs committee are investigating the exact role of Michael Wette, and in statement issued said it would be recommending proposals for “the necessary monitoring” of the airline’s performance.
In its attempt to survive, the airline announced recently its move to increase the number of flights to three key cities in Saudi Arabia as part of its new network strategy.
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