Kenya Airways (-0.5%) announced plans to acquire two additional E190 aircraft for regional operations by the end of 2010.
The carrier stated the additional capacity is required to meet "growing passenger and cargo demand and a rapidly expanding route network". The aircraft will be leased from Jetscape, an Embraer aircraft leasing company.
See related CAPA profile: Aircraft leasing and finance
Meanwhile, 1Time (+1.9%) moved from the Altx index to the main board of the Johannesburg Stock Exchange on 05-Jul-2010, with the company stating it hopes to attract institutional investors as a result. CEO, Glenn Orsmond, stated the company is not deterred by warnings of a possible double-dip recession, stating the LCC has done well in the recessionary conditions.
Selected African and Middle Eastern airlines share price movements (% change): 05-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.