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1time in talks with Lanseria Airport; Jazeera Airways shares drop 8.3%

Analysis

1time CEO Glenn Orsmond stated the carrier is in “advanced talks” with Lanseria Airport and the carrier now expects launch operations from the airport in 1H2011. Mr Orsmond stated the LCC has submitted proposed schedules and is “in the process of ironing out the final details of the agreement”.

Following a sharp drop from the start of Nov-2010, the KSE Market or Price Index gained 0.26% to close at 6,968 points. Jazeera Airways shares dropped the most, after the carrier could not sustain its pre-Eid advances, losing 8.3%.

Selected African and Middle Eastern airlines share price movements: (% change): 19-Nov-2010

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