New cash for Gulf Air
Gulf Air, the Bahrain-based carrier, is to get another $240m (£150m) in emergency funding from the Middle Eastern countries that own it.
Bahrain, Oman and Abu Dhabi have already injected $81.7m this year to try to stabilise Gulf Air after the state of Qatar abruptly decided to pull out of the company.
At the time, Qatar said it did not believe the company, battered by the sharp slowdown in the aviation business which was exacerbated after September 11, could survive.
The new money is intended to cover the company's deficit, while debt worth $146m will also be frozen till May next year, according to chairman Sheikh Hamdan bin Mubarak al-Nahayan.
"We are back in business," Gulf Air Chief Executive James Hogan said.