Business | Aviation
Gulf Air finalises deal with Boeing for 16 Dreamliners
Following the recent announcement of a major decision to purchase 16 Boeing Dreamliners with an option for another eight, Gulf Air finalised the deal at a ceremony in Washington DC on Friday.
- Staff Report
- Published: 23:36 March 8, 2008
Dubai: Following the recent announcement of a major decision to purchase 16 Boeing Dreamliners with an option for another eight, Gulf Air finalised the deal at a ceremony in Washington DC on Friday.
The ceremony, celebrating the US-Bahrain Free Trade Agreement (FTA) and the contract for the 787s between Boeing and Gulf Air, was held under the auspices of the US-Bahrain Business Council, US Chamber of Commerce and the Bahraini Embassy.
Gulf Air chairman Mahmoud Al Kooheji and president and chief executive Bjorn Naf attended the event, attended by members of the US Congress, diplomats, senior bureaucrats and VIPs from the US trade and business.
"This signing ceremony marks yet another milestone in the historic friendship between Bahrain and the United States," said Al Kooheji after signing the agreement.
"The US has become a major trade partner since the signing of the FTA between the US and Bahrain in 2004. In 2006, trade between the US and Bahrain rose to $1.5 billion.
"I am delighted to have played a part in this growing trade relationship with the signing of the agreement to purchase 16 Boeing Dreamliners valued at $6 billion.
"I personally see a great market expansion from this contract that can only boost further trade volumes," he said.
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