Gulf Air turnaround wins international recognition; The dramatic turnaround in Gulf Air's fortunes has won international recognition from the Centre for Asia Pacific Aviation (CAPA).

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M2 PRESSWIRE-6 January 2004-Gulf Air: Gulf Air turnaround wins international recognition; The dramatic turnaround in Gulf Air's fortunes has won international recognition from the Centre for Asia Pacific Aviation (CAPA)(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:01052004 Gulf Air has been awarded the prestigious Airline Turnaround of the Year Award presented annually by the Centre for Asia Pacific Aviation in an announcement made on 30 December 2003.

In its comment on the award, which is presented to the airline whose affairs were most significantly transformed during the year, CAPA noted: "Gulf Air languished for a number of years, watching while neighbouring airlines flourished. But over the past year and a half, under new management, led by President and...