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Boeing and Gulf Air Close 787 Dreamliner Deal

29 January 2008

Boeing and Bahrain's national carrier Gulf Air have finalized negotiations for up to 24 Boeing 787 Dreamliners in a deal that could be worth approximately $3.9 billion at list prices if all options are exercised.

The agreement is for 16 787s on direct order with purchase rights for eight additional 787s. ""Gulf Air has been a premier carrier in the Middle East for more than half a century,"" said Marty Bentrott, Boeing Commercial Airplanes vice president of Sales for The Middle East and Africa. ""We look forward to helping Gulf Air revitalize its fleet through the superior economics and passenger comfort that the Dreamliner will bring.""

""As the cornerstone of our fleet, the 787 will help re-establish Gulf Air's predominance within The Gulf,"" said Gulf Air Chief Executive Officer Bjorn Naf. ""Our goal is to increase the airline's efficiency and profitability, and we have selected the 787 to be the core of our fleet for the next generation to meet both our passengers' and our stakeholders' expectations.""

""We are committed to Gulf Air's success,"" said Mahmood Kooheji, Gulf Air's Board Chairman. ""In choosing the 787, we are confident that we've made the very best choice for the long-term success of the airline.""