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
Source: Centre for Asia Pacific Aviation & Reuters