Comair secures backing for B737s; Lonrho shares gain 4.4%
Comair (0%) confirmed it has secured the preliminary commitment of US government-backed financing for its new fleet of B737-800 aircraft. The credit guarantee, which will cover all eight aircraft, was secured via the US Ex-Im Bank. Erik Venter, Joint CEO of Comair stated the company's ability to secure this financing was due mainly to its 65-year profit history.
- Comair secures preliminary commitment for US government-backed financing for new fleet of B737-800 aircraft.
- Credit guarantee from US Ex-Im Bank to cover all eight aircraft.
- Comair's 65-year profit history contributes to securing the financing.
- Air Mauritius shares experience a drop, while Lonrho shares gain.
- Lonrho's Fly540 launches daily services from Jomo Kenyatta International Airport to Ukunda, expected to boost local tourism industry.
- Selected African and Middle Eastern airlines' share price movements on 15-Nov-2010.
See related CAPA profile: Fleets
Air Mauritius (-3.5%) shares dropped the most on Monday (15-Nov-2010) while Lonrho shares gained 4.4%. Meanwhile, Lonrho's Fly540 announced its recent launch of daily services from Jomo Kenyatta International Airport to Ukunda is expected to boost the local tourism industry.
Selected African and Middle Eastern airlines share price movements: (% change): 15-Nov-2010
