13-Feb-2012 11:00 AM

Gulf Air and Mashreq Bahrain sign financial facility deal for USD80m

Gulf Air and Mashreq Bahrain announced (12-Feb-2012) the signing of a financial facility of USD80 million for the airline. The facility is to assist Gulf Air to meet its medium-term working capital requirements. Gulf Air CEO Samer Majali said the carrier is "focused on ensuring a sustainable and financially viable future" and the deal reflects a "commitment to a long-term strategic partnership which we look forward to building upon". [more - original PR]