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Air Mauritius awards contract to MAS Aerospace Engineering; Kenya Airways shares breaks decline

Analysis

Air Mauritius shares rose by 6.4% on Thursday (02-Sep-2010). On the same day the carrier awarded MAS Aerospace Engineering (MAE) a one-year maintenance agreement for eight aircraft, comprising six A340-200s and two A330-200s.

Summary
  • Air Mauritius shares rose by 6.4% after awarding a maintenance agreement to MAS Aerospace Engineering.
  • The agreement includes maintenance checks and repainting of eight aircraft.
  • Kenya Airways shares rose by 1.6% after a period of decline.
  • 1time and Lonrho experienced a decline in their shares.
  • Royal Jordanian shares decreased by 1.3%, while Kuwait National Airways and Jazeera Airways remained stable.
  • The information is sourced from the Centre for Asia Pacific Aviation and Reuters.

The agreement covers heavy maintenance checks involving overhaul works and the repainting of the aircraft to Air Mauritius' new livery. The services will be conducted at the one-stop MAE facility in Subang.

Kenya Airways shares also rose by 1.6% following five days of declines. Meanwhile, 1time (-3.8%) and Lonrho (-2.2%) were on the decline.

Middle East shares remained mostly stable with Royal Jordanian down 1.3% while Kuwait National Airways and Jazeera Airways remained steady.

Selected African and Middle Eastern airlines share price movements (% change): 02-Sep-2010

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