AirAsia considering stake sale to UAE investors; Ryanair to open 37th base in Oslo
AirAsia Deputy CEO, Kamarudin Meranun, stated the group is reportedly considering selling stakes in AirAsia to UAE investors, including the Abu Dhabi Government. AirAsia X is also reportedly considering listing itself on the Abu Dhabi Securities Exchange or the Dubai Financial Market, after launching services to Abu Dhabi. The carrier’s shares remained unchanged yesterday.
Selected LCCs daily share price movements (% change): 24-Nov-09
Ryanair to open 37th base at Oslo Rygge
In Europe, Ryanair (shares -1.2%) announced plans to open its 37th base at Oslo Rygge in Mar-2010 with three based aircraft and 16 new routes (22 in total) being launched. Ryanair will offer 100 weekly services to/from Oslo Rygge in an investment of over USD200 million in the airport, with the carrier expecting to increase its traffic at Oslo Rygge to 1.7 million passengers p/a.
Air Berlin to recruit an additional 820 staff
Also in Europe, Air Berlin’s shares gained 3.0% yesterday. The day prior, Germany’s second largest airline announced plans to recruit 700 flight attendants and 120 pilots. It is expected that they will be based at Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Münster/Osnabrück, Nuremberg, Paderborn-Lippstadt and Stuttgart in Germany, as well as Basel/Mühlhausen and Zurich in Switzerland.
In the America’s GOL’s shares added 1.6% yesterday, outperforming the 0.8% increase in the benchmark Ibovespa stock index, while Southwest Airlines’ shares slipped 2.2%, reflecting a general trend for US airlines.