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Wednesday, November 11 - 2009

Gulf Air signs $81.5m loan with GIB

  • Bahrain: Tuesday, January 22 - 2008 at 09:20

Gulf Air has signed a $81.5m loan agreement with Gulf International Bank to help finance the airline's growth strategy, reported Gulf Daily News. The loan agreement entails two tranches of $36m and $45.5m. The airline and Boeing recently finalised negotiations for up to 24 Boeing 787 Dreamliners in a deal valued at approximately $3.9bn at list prices.

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