21 Hrs
Source:
البلاد
Golden License Cuts Costs
Tony Fernandes, CEO of Capital A Group, said Bahrain’s Golden License would reduce the group’s costs and speed up regulatory procedures, supporting its investments in aviation and logistics. He explained that volatile jet-fuel prices, together with the need for stable operations and the need to account for airspace restrictions and safety requirements, had led to the postponement of AirAsia’s flight launches from Bahrain. He reaffirmed the group’s commitment to establishing its hub in the Kingdom in March 2027, with the possibility of bringing the date forward if conditions improve. He added that regional tensions had strengthened Gulf cooperation and created economic opportunities. The group plans to establish a regional hub connecting Asia with the Middle East, Europe and Africa, as well as an aircraft maintenance facility with 14 hangars.
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