Air Arabia Maroc to operate from Brussels Airport; African shares on the decline

Air Arabia Maroc, subsidiary of Air Arabia (-1.1%), stated (11-Aug-2010) it would operate from Brussels Airport instead of Brussels Charleroi as of the new winter season. From the end of Oct-2010, the carrier will operate from Casablanca to Brussels Airport with three times weekly frequency, with the carrier to operate two of the weekly services via Fez and one of the services via Oujda. For Brussels Airport, Fez is a new direct destination.

Unlisted South African Airways announced it experienced its best on-time performance in 10 years during Jul-2010 with 87.27% on all domestic and international services. The previous record was 88% in 1999.

African shares were on the decline on Wednesday (11-Aug-2010) with Kenya Airways (-5%), Lonrho (-2.2%) and 1time (-1.4%) shares down while Comair remained stable.

Selected African and Middle Eastern airlines share price movements (% change): 11-Aug-2010