1Time zooms on Harare route talk, Royal Jordanian lower. CAPA launches Africa daily!
South African LCC, 1time has announced it is interested in serving the lucrative Johannesburg-Harare (Zimbabwe) sector, currently served by Air Zimbabwe, South African Airways and Comair.
Commercial director Desmond O'Connor told New Zimbabwe.com "1time is keen to go to Harare. Should anything become available [in terms of landing slots], we'll consider it". The airline recently launched services to Livingstone (Zambia) and plans to commence five times weekly service to Maputo in Mar-2010, competing head-to-head with Mozambique's LAM.
Mr O'Connor added, "we're still looking for anything within four hours' flying time from Johannesburg. We believe there are better returns on those routes. If you look at our domestic routes you'll notice we are mainly on corporate routes as opposed to the leisure ones".
1Time's shares soared 10.6% yesterday.
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Elsewhere, Air Arabia and Jazeera Airways were flat. Kenya Airways dropped 2% and Royal Jordanian fell 1.5%.
Selected African and Middle Eastern airlines share price movements (% change): 26-Jan-2010
Source: Centre for Asia Pacific Aviation & Reuters