My Account Menu

CAPA Login


Register to trial CAPA Membership!

Royal Jordanian loses some of previous day's gains, Jazeera Airways flat; 1time and Lonrho down

23-Feb-2010

Royal Jordanian (-1.6%) yesterday lost some of its gains the day prior. Over the weekend, the carrier announced it is targeting a 17% year-on-year increase in cargo volume in 2010. The carrier transported 44,000 tons of cargo in 2009.

Also in the Middle East, Kuwait National Airways (+1.8%) continued to make gains, while Jazeera Airways (+1.0%) was also up. Air Arabia was flat.

In Africa, Kenya Airways (+2.1%) was up. The carrier was named African Business Airline of the Year at the African Investor Tourism Awards. Comair meanwhile was flat, as Lonrho (-2.0%) and 1time Holdings (-4.4%) fell, despite a rise in the South Africa’s Africa All Share Index (+0.8%).

Elsewhere in Africa, Airline Operators of Nigeria (AON), reportedly stated it believes a “market imbalance” exists between Nigerian airlines and foreign airlines operating in Nigeria, which has led to unfavourable competition from foreign “subsidised” airlines. Foreign airlines were said to have dominated Nigeria’s airspace, with “virtually all of them” operating into two or more Nigerian airports from their countries of origin, without reciprocity to Nigeria. To remedy the “one-sided agreements”, AON has proposed that foreign airlines be restricted to a single airport of entry from 2012, which AON believes will encourage Nigerian airlines to expand into international routes.

The Centre for Asia Pacific Aviation (CAPA) has launched a unique new strategic business information service covering one of the world’s most exciting emerging aviation markets. Middle East-Africa Airline Daily is an efficient morning briefing on airline developments from both regions. Covering fleets, routes, financials, traffic, bilateral agreements, alliances, financing, ownership, along with analysis of all significant developments, it is your one-stop shop to aviation news from Africa and the Middle East – and best of all it’s free for a limited time. Sign-up today!

Selected African and Middle Eastern airlines share price movements (% change): 22-Feb-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.