MANAMA, Bahrain - Citycorp's Citibank unit is arranging $84 million in short-term credit for Gulf Air to help finance the purchase of four Boeing 767 aircraft by the Middle East airline, banking sources said.

The two-year loan will allow Gulf Air to made a prepayment to Boeing Co. for aircraft to be delivered in 1993 and 1994, the sources said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.