My Account Menu

CAPA Login


Register to trial CAPA Membership!

AirArabia to receive two A320s at the end of 2010; African shares on the rise

13-Jul-2010

AirArabia (+1.5%) Corporate Communications Manager, Housam Raydan, stated on Monday (12-Jul-2010) the carrier will receive two of 44 A320s – ordered in Nov-2007 from Airbus – "towards the end of this year". Mr Rayfan said: "After the first two to be delivered later this year, the remaining aircraft will also arrive in batches." The carrier operates a fleet of 25, a "mix of owned and leased aircraft".

See related CAPA profile: Aircraft leasing and finance

The carrier also launched four times weekly Alexandria-Abu Dhabi service on 12-Jul-2010. Abu Dhabi is the carrier's fifth destination from its Egyptian hub.

See related CAPA profile: Route Changes

Meanwhile, Kuwait National Airways and Jazeera were stable while the Kuwait Stock Exchange dropped -1%.

African shares increased marginally with Kenya Airways (+1.6%) and 1time (+1.9%) up while Lonrho and Comair stayed steady.

Selected African and Middle Eastern airlines share price movements (% change): 12-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.