Air Arabia (+0.6%) announced on Wednesday (21-Jul-2010) the selection of the CFM56-5B engine to power its 44 A320 family aircraft order announced in 2007. This new engine selection, which will more than double the airline's CFM56-5B powered A320 fleet, is valued at more than USD620 million at list prices.
Together with the engine selection, Air Arabia also signed a multi-year Rate per Flight Hour (RPFH) service agreement for its CFM56-5B fleet.
See related CAPA profile: Farnborough 2010 Air Show News
Comair announced (21-Jul-2010) Rajesh Ramanlal Mehta has resigned as a non-executive director from the Board of Comair Ltd, effective 31-Jul-2010. Its shares were flat.
Selected African and Middle Eastern airlines share price movements (% change): 21-Jul-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.