Gulf Air, SC credit arrangement

Gulf Air and Standard Chartered Bank have finalised the terms of a three-year syndicated term loan of $75m that will be used to finance the carrier's growth strategy for 2006. Projects include opening a simulator centre in Q1, installing new business and first class seats in its Airbus A340 fleet and refurbishing the interiors, and deploying new in-flight entertainment systems. [AMEInfo.com]

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Posted December 27, 2005

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