Air Arabia (-1.3%) announced (13-Dec-2010) plans to launch Sharjah-Sohag service on 27-Dec-2010. Air Arabia is the first UAE-based airline to offer services to Sohag. Sohag is Air Arabia's fourth destination in Egypt. With the new destination, Air Arabia now serves 67 routes from three hubs in the UAE, Morocco and Egypt.
Fly540 Angola, subsidiary of Lonrho (-2.9%), will commence daily Luanda-Cabinda-Soyo services later in Dec-2010. The services are likely to commence with a single aircraft serving the north of the country from Luanda three times daily. In the future an additional two aircraft are contracted to arrive from Europe within four to six weeks.
Meanwhile, Kuwait National Airways (-1.4%) and Royal Jordanian (-0.6%) shares lost ground while Air Mauritius (+0.6%) and 1time (+3.7%) gained.
Selected African and Middle Eastern airlines share price movements: (% change): 13-Dec-2010
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