Loading

Air Arabia Egypt to launch Alexandia-Beirut service; African shares across the board

Analysis

Air Arabia's (-2.2%) joint venture with the Travco Group, Air Arabia Egypt, announced plans to launch Alexandria-Beirut service in Jul-2010. The carrier will be the sole operator on the route.

Summary
  • Air Arabia Egypt, a joint venture with the Travco Group, plans to launch Alexandria-Beirut service in July 2010.
  • Air Arabia Egypt will be the only operator on this route.
  • Jazeera Airways' shares fell by 1.8% on June 24, 2010.
  • Kuwait National Airways and Royal Jordanian Airlines' shares remained unchanged.
  • Lonrho's shares in Africa fell by 4.1%, while Comair, Kenya Airways, and 1time saw increases in their share prices.
  • The Johannesburg Stock Exchange fell for the third consecutive day.

See related CAPA profile: Route Changes

Meanwhile, Jazeera Airways (-1.8%) fell on Thursday (24-Jun-2010) while Kuwait National Airways and Royal Jordanian Airlines remained flat.

African shares were mixed, with Lonrho (-4.1%) down and Comair (+0.5%), Kenya Airways (+2.1%) and 1time (+2.8%) up, while the Johannesburg Stock Exchange (-0.7%) fell for a third day.

Selected African and Middle Eastern airlines share price movements (% change): 24-Jun-2010

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More