British Airways boss says two-hour Heathrow passport queues unacceptable

British Airways logos are seen on tail fins at Heathrow Airport in west London, Britain, February 23, 2018. (Hannah McKay/Reuters)
Updated 06 August 2018

British Airways boss says two-hour Heathrow passport queues unacceptable

  • BA boss said that queues at border controls at Heathrow were significantly worse than at other major world airports
  • British Airways is owned by IAG, the airline group which also owns Aer Lingus, Iberia and Vueling

LONDON: Two hour-long queues for passport checks at London’s Heathrow Airport are unacceptable and improvements are needed if Britain wants to show it is open for business after it leaves the European Union, the chief executive of British Airways said.
In a letter to The Times newspaper on Monday, BA boss Alex Cruz said that queues at border controls at Heathrow, Europe’s busiest airport, were significantly worse than at other major world airports.
“What kind of message does this send, as we try to build links outside the EU?,” Cruz wrote.
He called on interior minister Sajid Javid to take “immediate action to address this border farce.”
His intervention came after reports that Britain was considering setting up designated lanes for British passport holders at UK airports after Britain leaves the EU on March 29 next year.
Two-hour queues have become normal at Heathrow for those visiting Britain from outside the European Economic Area (EEA), Cruz said, despite a target that the waiting time should be no more than 45 minutes. EEA citizens wait almost an hour, he added.
British Airways is owned by IAG, the airline group which also owns Aer Lingus, Iberia and Vueling.


Egypt expects several share offerings by end of year

Updated 15 September 2019

Egypt expects several share offerings by end of year

  • One small company worth about 50 million Egyptian pounds was also expected to offer shares on the Nile Stock Exchange

CAIRO: Egypt expects two state companies and one private pharmaceuticals firm worth more than $61.3 million, or one billion Egyptian pounds, to make share offerings by the end of the year, an official at the Financial Regulatory Authority said on Sunday.
One small company worth about 50 million Egyptian pounds was also expected to offer shares on the Nile Stock Exchange, which specializes in small and medium sized enterprises, said Sayed Abdel Fadeel, head of the authority’s corporate finance department. He did not name the companies.
Egypt promised to sell minority stakes in several state companies in late 2018 but postponed the offerings following emerging market turbulence.