Comair again planning to acquire existing Durban International Airport; Kuwait National Airways down


Comair (-1.4%) reportedly plans to submit another proposal to acquire the existing Durban International Airport site, following the opening of King Shaka International Airport, which is expected to be completed by the end of Apr-2010. The carrier submitted a proposal to acquire the site in 2009, which was rejected by Airports Company of South Africa.

Also in South Africa, the JSE All Share Index ended trading up 0.8%, boosted by strong commodity prices.

1time Holdings (-5.4%) and Kenya Airways (-0.5%) were also down, while Fly540 owner, Lonrho (+2.0%) gained.

In the Middle East, Kuwait National Airways (-1.8%) and Royal Jordanian (-0.5%) were both down, Jazeera was flat and Air Arabia (+2.0%) gained.

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Selected African and Middle Eastern airlines share price movements (% change): 08-Mar-2010

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