Gulf Air Group Holding has increased its ownership in Bahrain Airport Services (BAS), the ground handling services provider at Bahrain International Airport (BIA), to 44%.
The Mumtalakat-owned holding company’s 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, a statement said.
It added that the increase is in line with a heads of terms agreement, signed by Bahrain Airports Company CEO Mohamed Yousif Al-Binfalah and BAS CEO Salman Al-Mahmeed, which will see BAS remain BIA’s ground handling agent for passengers, luggage, aircraft, and catering services until at least 2034.
Kamal bin Ahmed Mohammed, the Minister of Transportation and Telecommunications and chairman of Gulf Air Group Holding, said: “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.”
He added: “This agreement, in step with the other development projects taking place as part of the $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."
Source: Arabian Business