Air Arabia (-4.6%) fell on Tuesday (25-May-2010), along with the Dubai Stock Exchange which slumped by -4.6%. During trading the Sharjah-based airline announced plans to increase its weekly flights to Goa, India.
In other Middle Eastern news, Kuwait Airways (2%) shares rose while Jazeera Airways (-2.4%) dropped.
South African carrier Comair (-4%) dropped following its announcement yesterday about raising USD15.8 million through an underwritten renounceable rights offer of 69.2 million shares. 1time (-3.6%) also fell, following the Johannesburg Stock Exchange (-2.2%) lower.
African carriers continued to decline, with Kenya Airways (-0.9%) dropping after announcing plans to commence Nairobi-Juba service on 07-Jun-2010.
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Selected African and Middle Eastern airlines share price movements (% change): 25-May-2010
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