Loading

Air Mauritius awards contract to MAS Aerospace Engineering; Kenya Airways shares breaks decline

Analysis

Air Mauritius shares rose by 6.4% on Thursday (02-Sep-2010). On the same day the carrier awarded MAS Aerospace Engineering (MAE) a one-year maintenance agreement for eight aircraft, comprising six A340-200s and two A330-200s.

The agreement covers heavy maintenance checks involving overhaul works and the repainting of the aircraft to Air Mauritius' new livery. The services will be conducted at the one-stop MAE facility in Subang.

Kenya Airways shares also rose by 1.6% following five days of declines. Meanwhile, 1time (-3.8%) and Lonrho (-2.2%) were on the decline.

Middle East shares remained mostly stable with Royal Jordanian down 1.3% while Kuwait National Airways and Jazeera Airways remained steady.

Selected African and Middle Eastern airlines share price movements (% change): 02-Sep-2010

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More