NO. 7


Financial and Banking News

Air Finance

Gulf Air Orders Six Boeing 777s

Gulf Air is to buy six Boeing 777s as part of its continuing fleet expansionprogram, the airline announced on 11 November. It has taken options on anothersix. Deliveries of the long-range large capacity aircraft will be between 1998and 2000. Gulf Air's expansion program has hitherto been equally split betweenBoeing and Airbus Industrie. The airline has now taken delivery of nearly all ofthe 18...