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Air Arabia reports net profit of AED230mn in H1 2018

Sharjah / Emirates Business Air Arabia (PJSC) announced strong financial results for the first half ending on June 30, 2018 as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver solid and sustained financial performance. Air Arabia reported a net profit of AED 230 million for the first half ending on June 30, 2018; a ...

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Japan’s Don Quijote signals interest in Walmart chain Seiyu

Bloomberg Don Quijote Holdings Co.’s chief is interested in buying the Seiyu retail chain if Walmart Inc. is selling its Japanese operations. The Japanese discount store operator would take a serious look at Seiyu if Walmart puts it up for sale, according to comments made by Chief Executive Officer Koji Ohara at a briefing in Tokyo. He added that real ...

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Virgin, BA criticise long wait times at Heathrow

Bloomberg Virgin Atlantic has joined British Airways in criticising long waiting times at passport control at Heathrow Airport, releasing figures showing that the Border Force hit its target for processing passengers from outside the European Economic Area on just one day in July. Virgin says passengers are “frustrated” as waits of more than two hours are becoming the norm. The ...

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