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04-Apr-2011 3:42 PM

European LCC shares finish lower, AirAsia interested in a stake in Indian airline

Analysis

Shares in LCCs based in the UK and Ireland closed lower on Friday, on a mixed day for low-cost airline shares. easyjet shares fell 2.4%, while Flybe shares fell 1.8% and Ryanair shares dropped 1.5%. Scandinavian LCCs Cimber Sterling and Norwegian also had share falls.

easyJet stated its issued share capital as at 31-Mar-2011 consisted of 430.2 million shares with a nominal value of GBP0.25 pence per share, with voting rights. The increase results from the issue of shares to meet the exercise of options under the company's employee share option schemes. easyJet stated eight employees, including CEO Carolyn McCall, have been awarded shares under the easyJet Long Term Incentive Plan.

AirAsia CEO Tony Fernandes stated that the carrier is interested in acquiring a minority stake in an Indian airline, but improved airport infrastructure would be vital for attracting foreign parties into the Indian aviation sector.

Selected LCC share price movements (% change): 01-Apr-2011

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