DUBAI, United Arab Emirates — Bahrain-based airline Gulf Air has ordered 16 of Boeing Co.’s new 787 Dreamliners valued around $4 billion, with an option for eight more, an airline official said Sunday.
“The deal is worth $4 billion at list prices but would rise to $6 billion if we include the options,” a spokesman for Gulf Air said.
The struggling carrier said in November at the Dubai air show that it was planning to renew its entire fleet and looking to order up to 35 planes.
“The total order could be more than 35,” Malek said. “We are also in talks with Airbus for the A320 narrow-body planes.”
Gulf Air plans to finance the purchases through a range of means.
“The aircraft will be partially financed by the government and partially through financial institutions,” the spokesman said. “We are currently studying all the options.”
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