My Account Menu

CAPA Login

Register to trial CAPA Membership!

Air Arabia confirms Alexandria-Beirut service; Privatisation of Kuwait Airways progresses


Air Arabia (-0.5%) confirmed on Monday (28-Jun-2010) the launch of four times weekly service to Beirut from its third hub in Alexandria from 01-Jul-2010.

See related CAPA profile: Route Changes

Meanwhile, the Kuwait Investment Authority (KIA), which is overseeing the privatisation of Kuwait Airways (0%), reportedly awarded Abdulhameed Al-Sarraf and Partners and Baker and McKenzie a contract to provide legal advise on the privatisation of the carrier.

See related CAPA profile: Privatisation

African shares were mixed, with 1time (-5.5%) and Kenya Airways (-1.1%) shares down while Lonrho (+4.6%) and Comair (+4.6%) were on the rise.

Selected African and Middle Eastern airlines share price movements (% change): 28-Jun-2010

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.