VOL. XXXIV

NO. 36

10-JUNE-1991

Financial and Banking News

Regional Banking

Gulf Air Invites Bids for Three Boeing Aircraft

Gulf Air has invited banks to bid for a 12-year loan to finance the purchaseof three Boeing 767-300ER aircraft with General Electric engines. The closingdate for bids is 21 June. Two of the aircraft - which are expected to cost about$70mn each - are due for delivery in September and the third in December.Surprisingly, the vital issue of whether the US Export-Import Bank will...