Lonrho and Kenya Airways shares drop. Collision at Jomo Kenyatta Airport
The share price of Lonrho, parent of Fly540 Aviation, slumped 11.1% on Monday (17-May-2010) - on the same day of an incident involving one of its aircraft. The aircraft's tail was hit by a Kenya Airways B737-700 during line-up for take-off at Jomo Kenyatta International Airport (JKIA) at 9:30 am local time on Monday. The incident has been reported to the Kenya Civil Aviation Authority (KCAA) for investigation.
Kenya Airways' shares fell 0.9%. In other Africa news, 1time (-1.8%) fell, while Comair remained steady as the Johannesburg Stock Exchange dropped by -0.13%.
Kuwait National Airways, Royal Jordanian Airlines and Air Arabia also remained steady despite the Amman Stock Exchange dropping by -0.72% and the Kuwait Stock Exchange rising by 0.46%.
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): 17-May-2010
