Air Arabia Profit Triples; IPO On Agenda This Year

Air Arabia's full-year profit for 2006 tripled, the airline said yesterday. The low-fare carrier reported a net profit of AED101 million (US$27.9 million), up from AED33 million a year earlier. In the same period, revenues increased by 82% to AED749 million. The airline said in January that it plans...

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