Gulf Air, the national carrier of the Kingdom of Bahrain, has signed up for a loan facility of US$ 25 million with Bahrain based BMI Bank (BMI) recently.

Announcing this at the Gulf Air headquarters today Gulf Air Deputy Chief Executive Officer Mr. Ismail Karimi said that the unsecured loan will be infused into the working capital of the company and will be used for financing the airline’s various development plans.

“We are pleased to join hands with BMI - one of the dynamic and successful financial institutions in the region,” he said adding, “we have had a very good relationship with BMI in recent times and this loan arrangement shows the bank’s trust and confidence in the national carrier and its growth plans.”

Gulf Air, which has recently placed orders to purchase 24 Boeing and 35 Airbus aircraft, is planning to expand its operations by adding new destinations to its network.

Andrew Bainbridge Chief Executive Officer of BMI said

“We are delighted to be further deepening our relationship with Gulf Air, the national carrier of Bahrain. Like Gulf Air, BMI is Bahraini based and seeks to serve people from Bahrain and beyond. We look forward to our relationship going from strength to strength."