My Account Menu

CAPA Login


Register to trial CAPA Membership!

Jazeera Airways shares down despite shareholder approval to fund Sahaab Aircraft Leasing acquisition

14-May-2010

Jazeera Airways' (-2.3%) shares were down on Thursday (13-May-2010) despite receiving shareholder approval to fund the acquisition of Sahaab Aircraft Leasing by raising the company's capital to USD144.8 million through a rights issue of 200 million shares. The acquisition will appear in Jazeera Airways' 2010 consolidated results and Sahaab will continue to operate as a subsidiary of Jazeera Airways.

Royal Jordanian Airlines (0.6%) was the only carrier to increase of the Middle East/African carriers tracked by CAPA's Middle East-Africa Airline Daily, following a 0.3% gain in the Amman Stock Exchange.

In Africa, Lonrho (-2.3%), Comair (-5.1%) and Kenya Airways (-1.8%) continued a downward trend, as the Johannesburg Stock Exchange fell by 0.5% amid some profit taking.

Selected African and Middle Eastern airlines share price movements (% change): 13-May-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.