Jetscape announced the acquisition of a new Embraer E190-100IGW aircraft and delivered it on lease to Kenya Airways (+0.6%). Its second E190 aircraft will be delivered in May-2011. Both aircraft will be leased for an eight-year term. These E190 aircraft will join Kenya Airway’s Embraer fleet of five E170s.
Meanwhile, Kenya’s shilling depreciated approximately 0.9% to 81.17 per dollar and traded 0.1% down at 80.49 per dollar at 13:29 in Nairobi, compared with a close of 80.45 on 20-Dec-2010. The depreciation is said to be caused by the adverse weather in Europe curbing tourism arrivals to the nation. Tourism accounts for 11% of GDP in Kenya.
Middle East shares were mostly on the rise on Tuesday (21-Dec-2010) with Air Arabia (+0.8%) and Jazeera Airways (+1.6%) up while Royal Jordanian shares dropped 1.3%.
Selected African and Middle Eastern airlines share price movements: (% change): 21-Dec-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.