Air Arabia increases flights to Goa; Kenya Airways to launch Nairobi-Juba service

Air Arabia (-4.6%) fell on Tuesday (25-May-2010), along with the Dubai Stock Exchange which slumped by -4.6%. During trading the Sharjah-based airline announced plans to increase its weekly flights to Goa, India.

In other Middle Eastern news, Kuwait Airways (2%) shares rose while Jazeera Airways (-2.4%) dropped.

South African carrier Comair (-4%) dropped following its announcement yesterday about raising USD15.8 million through an underwritten renounceable rights offer of 69.2 million shares. 1time (-3.6%) also fell, following the Johannesburg Stock Exchange (-2.2%) lower.

African carriers continued to decline, with Kenya Airways (-0.9%) dropping after announcing plans to commence Nairobi-Juba service on 07-Jun-2010.

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): 25-May-2010