Financial and Banking News
Gulf Air Raises Two New Loans For Fleet Expansion
Bahrain-based Gulf Air has raised $307mn to finance the purchase of eightAirbus A320s and is to sign a second loan, for $130mn, later this month for thepurchase of two Boeing 767s. The $307mn loan was arranged by Banque Indosuez andis backed by European Export Credit Agencies (ECAs). It carries a fixed interestrate of 7 1/2% for 10 years. The eight Airbuses will be delivered...