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Kenya Airways adds B737-300 to fleet; Jazeera reports USD15.8m loss


Kenya Airways (-0.5%) added a B737-300 to its fleet, leased from KLM, with the aircraft to be initially used to increase capacity on the Nairobi-Mombasa route.

African shares continued a decline with 1time (-4.1%) down while Lonrho and Comair shares remained stable.

Jazeera Airways (0%) reported a loss of USD15.8 million on Thursday (12-Aug-2010) in the three months ended Jun-2010 and a USD32.2 million loss in the six months ended Jun-2010, compared with losses of USD4.4 million and USD7.8 million, respectively, in the previous corresponding period. The carrier added that total assets increased 119.5% in the period to USD583 million, although shareholders equity decreased 60% to USD36 million.

See related CAPA profile: Financial results

Middle East shares were a mixed bag with Air Arabia (-2.6%) down while Royal Jordanian (+0.6%) and Kuwait National Airways (+1%) shares slightly gained.

Selected African and Middle Eastern airlines share price movements (% change): 12-Aug-2010

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