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Gulf Air, SC credit arrangement
- Bahrain: Tuesday, December 27 - 2005 at 16:19
Gulf Air and Standard Chartered Bank have finalised the terms of a three-year syndicated term loan of $75m that will be used to finance the carrier's growth strategy for 2006. Projects include opening a simulator centre in Q1, installing new business and first class seats in its Airbus A340 fleet and refurbishing the interiors, and deploying new in-flight entertainment systems.
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James McInerney, News EditorTuesday, December 27 - 2005 at 16:19 UAE local time (GMT+4)
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