Air Arabia launches Casablanca-Alexandria service; Kenya Airways increases Bangkok services

Air Arabia (+2.3%) announced plans to launch Casablanca-Alexandria service, with Egypt representing the 12th destination on Air Arabia’s growing network from Morocco. Meanwhile, the Dubai Financial Market rose by 2% to 1,568.88, the highest since 31-May-2010.

See related CAPA profile: Route changes

Kenya Airways (-1.1%) plans to temporarily increase Nairobi-Bangkok frequency to 10 times weekly from 14-Oct-2010 to 13-Dec-2010. The carrier also plans to deploy new B777 equipment on the route from 30-Sep-2010 to 21-Dec-2010.

South Africa’s Tourism Minister Marthinus van Schalkwyk stated that foreign visitors to South Africa had increased 16%, to more than 2.5 million between Jan-2010 to Apr-2010.

African shares were a mixed bag with Comair and Air Mauritius stable while 1time (+2%) and Lonrho (+2.3%) shares gained slightly.

Selected African and Middle Eastern airlines share price movements (% change): 06-Sep-2010