Gulf Air and Standard Chartered (SCB) have finalised terms for a three-year US$75mn syndicated term loan that will be used to finance ongoing investment and growth.

The funds will be provided by a consortium of lenders including seven banks.

The loan is part of Gulf Air’s new ten-year strategy, where the airline identified a need for further credit facilities to support its growth and change achieved during the implementation of its three-year restructuring programme, Project Falcon.