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Gulf Air places $4bn order from Boeing

The Bahrain-based airline Gulf Air has ordered 16 Boeing 787 Dreamliners valued at around $4bn and taken options for eight more, reported AFP. The value of the firm order for the new long-haul jets at list price is around four billion dollars, while the total amount would go up to six billion dollars if options are firmed up in the future, he added. The struggling carrier had announced during the Dubai air show that it was planning to renew its entire fleet looking to order up to 35 planes. The cash-strapped airline aims to build up a fleet of 45 to 50 aircraft by 2013, compared to 25 aging planes now.