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Kenya Airways launches Nairobi to Guangzhou via Bangkok service; Middle Eastern shares on the rise

Analysis

Kenya Airways (+0.5%) launched two times weekly charter service from Nairobi to Guangzhou via Bangkok with B767-300 aircraft, effective 06-Jul-2010 to 05-Oct-2010.

Summary
  • Kenya Airways launches charter service from Nairobi to Guangzhou via Bangkok.
  • 1time shares fall while Comair and Lonrho remain stable.
  • Johannesburg Stock Exchange's all share index surges.
  • Middle Eastern airline shares, including Air Arabia, Royal Jordanian, Kuwait National Airways, and Jazeera, increase.
  • Data source: Centre for Asia Pacific Aviation & Reuters.
  • Date of the article: 06-Jul-2010.

See related CAPA profile: Route Changes

1time (-1.9%) shares fell while Comair remained stable and Lonrho (+2.5%) rose. Meanwhile, the Johannesburg Stock Exchange's all share index surged +2.1%.

Middle Eastern shares were also on the rise with Air Arabia up by +0.6% and the shares of Royal Jordanian (+0.6%), Kuwait National Airways (+1.1%) and Jazeera (+1.9%) also increasing.

Selected African and Middle Eastern airlines share price movements (% change): 06-Jul-2010

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