Kenya Airways and Jazeera Airways lead the rally; but Comair slips

The majority of African and Middle East carriers’ shares gained on Thursday (11-Mar-2010), with Comair (-0.4%) the only carrier to slip, taking an edge of its gains the day prior.

Comair is currently planning to partially upgrade its aircraft fleet to the next generation B737-800 aircraft. The carrier stated the planned upgrade of the Comair fleet will contribute to operational efficiency and environmental sustainability.

Kenya Airways (+5.0%) was the day’s biggest gainer. 1time (+2.9%) was also up, despite a decline in the South Africa JSE All Share market (0.6%), tracking weaker results in European markets. Lonrho (+2.0%) followed.

In the Middle East, Jazeera (+3.8%) led the way, followed by Royal Jordanian (+3.1%), which gained despite a fall in the Amman Stock Exhange (-0.6%). Air Arabia (+1.0%) was also up, while Kuwait National Airways was flat.

The Centre for Asia Pacific Aviation (CAPA) has launched a unique new strategic business information service covering one of the world’s most exciting emerging aviation markets. Middle East-Africa Airline Daily is an efficient morning briefing on airline developments from both regions. Covering fleets, routes, financials, traffic, bilateral agreements, alliances, financing, ownership, along with analysis of all significant developments, it is your one-stop shop to aviation news from Africa and the Middle East – and best of all it’s free for a limited time. Sign-up today!

Selected African and Middle Eastern airlines share price movements (% change): 11-Mar-2010