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Airbus super-jumbo sheds financial weight in revamped state aid deal

Bloomberg Airbus SE’s revised deal with the countries that helped fund the A380 superjumbo almost two decades ago will help save the European planemaker more than $1.4 billion, according to a regulatory filing. Future obligations for refundable advances declined by about about 17 percent to an estimated $7.3 billion, Airbus said in its annual financial statements. While the balance includes ...

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Southwest to review support animals in wake of dog bite of child onboard

Bloomberg Southwest Airlines Co. is reviewing its policies on emotional support and service animals after a dog bit a young girl on the forehead aboard one of its planes. The dog was in the first row of seats against a bulkhead when the girl, about six years old, approached it after the owner had asked her to stay back, said ...

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Adnoc Distribution posts AED1.8bn profit in 2017

ABU DHABI / Agencies The UAE’s largest fuel and convenience retailer has reported strong Q4 and full year 2017 results, as Adnoc Distribution undertakes a major transformation program to improve performance even further. Adnoc Distribution, which listed on the Abu Dhabi Securities Exchange in December, posted an AED1.8bn profit for the year 2017 on revenue of AED19.8bn, the latter jumping ...

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