Bahrain’s sovereign wealth fund will continue to offer financial support to Gulf Air, Trade Arabia reports. Mumtalakat will provide support to the loss-making airline even though it will affect its 2011 earnings, said the fund’s CEO Talal Al Zain. Mumtalakat’s 2009 net loss was $487.2 million, which was mostly due to losses in Gulf Air and Aluminum Bahrain. Last year, the wealth fund said that it would consider selling Gulf Air to the government.
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