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Air Arabia sets world record for A320; Wataniya takes delivery of seventh A320

Analysis

Royal Jordanian reported on Wednesday (22-Sep-2010) the following traffic highlights in Aug-2010:

Summary
  • Royal Jordanian reported a 4.3% year-on-year increase in passenger numbers in August 2010.
  • The passenger load factor for Royal Jordanian also increased by 0.4 percentage points to 74.1%.
  • Royal Jordanian achieved an on-time performance of 90%, an improvement of 6 percentage points.
  • Air Arabia set a new world record with one of its A320 aircraft flying 30,000 flight hours in six years.
  • Wataniya Airways took delivery of its seventh A320 aircraft, configured with 122 seats.
  • African airline shares remained stable, except for 1time, which dropped 5% due to negotiations with a black economic empowerment investor.
  • Passenger numbers: 300,000, +4.3% year-on-year;
  • Passenger load factor: 74.1%, +0.4 ppt;
  • On-time performance: 90%, +6 ppts.

See related CAPA profile: Traffic and Capacity

Air Arabia stated it set a new world record when one of its A320 aircraft flew 30,000 flight hours in six years. Air Arabia received special recognition from Airbus, and was awarded for its operational efficiency and the new record.

Wataniya Airways CEO George Cooper stated the carrier has taken possession of its seventh A320 aircraft, configured with 122 seats. The aircraft is the carrier's third delivery of 2010.

African shares were mostly stable with Kenya airways, Air Mauritius, Comair and Lonrho stable. 1time (-5%) shares dropped following reports the carrier entered into negotiations with a black economic empowerment investor, stoking fears of potential dilution according to a Reuters report.

Selected African and Middle Eastern airlines share price movements (% change): 22-Sep-2010

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