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Article: Bahrain : HA s $70 million loan.
- Article from:
- TendersInfo
- Article date:
- September 9, 2009
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Byline: babalu03
Gulf Air has signed a US70 million facility with Bahrain Islamic Bank (BisB). This four-year medium-term facility will be used to partly finance eight A320 aircraft, which are expected to delivered in the fourth quarter of this year and first quarter of next year.
"We are glad to have partnered with BisB, one of the pioneering Islamic banks in the region," said Gulf Air chairman and Mumtalakat chief executive Talal Alzain.
"As the national carrier of Bahrain, Gulf Air is an integral part of the nation's economy and this ijara (leasing) arrangement will facilitate Gulf Air to further strengthen its presence as a key player in ...