Gulf Air Reportedly Orders 16 Boeing 787s

The Bahrain-based airline says the order is worth $4 billion at list prices.
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Gulf Air has ordered 16 of

Boeing's

(BA) - Get Report

new 787 Dreamliners, according to published media reports.

The Bahrain-based airline also has an option to purchase eight more of the next-generation planes, according to a Gulf Air spokesman quoted in an

AP

report. He said the 16-plane order was worth $4 billion at list prices, but that the options would bring the total value to $6 billion. Airlines rarely pay list prices for new planes.

The spokesman also said Gulf Air was in talks with Boeing rival Airbus about purchasing A320 narrow-body planes, according to the report. In November, the airline said it was interested in ordering as many as 35 new planes to replace its fleet, the report added.

Boeing shares finished Friday down $1.84 at $80.52.

This article was written by a staff member of TheStreet.com.