03-Aug-2010 3:28 PM
1time to amend complaint against Kulula; Middle Eastern shares a mixed bag
Analysis
South African Competition Tribunal permitted 1time (+14.8%) to amend its original complaint against Kulula, regarding access to Lanseria Airport. Kulula and Lanseria signed an exclusivity agreement in 2006. 1time alleges the agreement amounts to exclusionary behaviour in contravention of the Competition Act.
Summary
- South African Competition Tribunal allows 1time to amend complaint against Kulula regarding access to Lanseria Airport.
- 1time alleges exclusivity agreement between Kulula and Lanseria amounts to anti-competitive behavior.
- South Africa's FTSE/JSE Africa All Share Index records a significant rally of 1.9%.
- Jazeera and Air Arabia shares decline, while Royal Jordanian shares remain stable and Kuwait National Airways sees a slight increase.
- Middle Eastern airline shares show mixed performance.
- Data source: Centre for Asia Pacific Aviation & Reuters.
South Africa's FTSE/JSE Africa All Share Index rallied 527.98, or 1.9%, the biggest advance in almost a month.
Middle Eastern shares were a mixed bag with Jazeera (-1.8%) and Air Arabia (-0.6%) down while Royal Jordanian shares were stable and Kuwait National Airways (+1%) rose slightly.
Selected African and Middle Eastern airlines share price movements (% change 02-Aug-2010)
