Jetscape delivers E190-100IGW aircraft to Kenya Airways; Middle East shares up
Jetscape announced the acquisition of a new Embraer E190-100IGW aircraft and delivered it on lease to Kenya Airways (+0.6%). Its second E190 aircraft will be delivered in May-2011. Both aircraft will be leased for an eight-year term. These E190 aircraft will join Kenya Airway's Embraer fleet of five E170s.
- Jetscape acquires a new Embraer E190-100IGW aircraft and leases it to Kenya Airways.
- Kenya Airways will receive a second E190 aircraft in May 2011.
- The lease term for both aircraft is eight years.
- Kenya's shilling depreciates due to a decrease in tourism caused by adverse weather in Europe.
- Air Arabia and Jazeera Airways experience share price increases, while Royal Jordanian shares decline.
- Middle East shares overall show positive movement on December 21, 2010.
Meanwhile, Kenya's shilling depreciated approximately 0.9% to 81.17 per dollar and traded 0.1% down at 80.49 per dollar at 13:29 in Nairobi, compared with a close of 80.45 on 20-Dec-2010. The depreciation is said to be caused by the adverse weather in Europe curbing tourism arrivals to the nation. Tourism accounts for 11% of GDP in Kenya.
Middle East shares were mostly on the rise on Tuesday (21-Dec-2010) with Air Arabia (+0.8%) and Jazeera Airways (+1.6%) up while Royal Jordanian shares dropped 1.3%.
Selected African and Middle Eastern airlines share price movements: (% change): 21-Dec-2010
