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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Bahrain’s Gulf Air to decide on plane orders by yr-end

Posted on 26 October 2009

From Reuters: Bahrain’s Gulf Air, which is fully owned by Bahrain’s sovereign wealth fund Mumtalakat, is in talks with Airbus and Boeing over its plane orders and expects to make a decision by year-end, the airline’s chief executive said on Sunday.

The struggling airlinehas 35 Airbus and 24 Boeing airplanes on order, but said in August it was reviewing its orders as the loss-making airline restructures……………………Full Article: Source

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