Aviation and Allied Workers Union issued (05-Oct-2010) a seven-day strike notice over the pay dispute, demanding the salary rise to be back-dated by 15 months, which would cost USD4 million (KES325 million) above the initial amount of USD1.6 million (KES129 million) if it were implemented from Oct-2009.
See related CAPA profile: Industrial Relations
Meanwhile, Lonrho’s shares rose by +16.3% due to non-aviation related matters regarding the company’s fund managers.
Selected African and Middle Eastern airlines share price movements (% change) 07-Oct-2010
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