Gulf Air formalises Deal for Purchase of Boeing 787 Dreamliners

Following the recent announcement of a major decision to purchase 16 Boeing 787 Dreamliners with an option for another eight, Gulf Air last week finalised the deal at a ceremony in Washington D.C..

The ceremony, celebrating the U.S. - Bahrain Free Trade Agreement (FTA) and the contract for the 787 Dreamliners between Boeing and Gulf Air, was held under the auspices of US-Bahrain Business Council, the US Chamber of Commerce and the Embassy of the Kingdom of Bahrain.

“This signing ceremony marks yet another milestone in the historic friendship between the Kingdom of Bahrain and the United States of America,” said Gulf Air Chairman of the Board of Directors, Mr. Mahmood Al Kooheji after signing the agreement.

“The US has become a major trade partner since the signing of FTA between the US and the Kingdom of Bahrain in 2004. In 2006, trade volume between the US and Bahrain rose to US$ 1.5 billion. This reflects the incentives provided by the FTA and the Kingdom's strategic commitment to opening markets and expanding opportunities for Bahraini businesses.”

“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 US$ 6 billion. I personally see a great market expansion from this contract that can only boost further trade volumes,” Mr. Al Kooheji concluded.

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