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Kenya Airways to acquire two additional E190s; 1time asks Competition Tribunal to fine Kulula

Analysis

Kenya Airways (-0.5%) plans to acquire an additional two E190 aircraft for regional operations, the first of which is expected to be delivered later in 2010. The aircraft will be leased from US-based Jetscape for eight years. The carrier also plans to increase frequencies on all regional and transcontinental routes for operational efficiency.

Summary
  • Kenya Airways plans to acquire two additional E190 aircraft for regional operations.
  • The first aircraft is expected to be delivered later in 2010 and will be leased from Jetscape.
  • Kenya Airways also intends to increase frequencies on all regional and transcontinental routes.
  • 1time is requesting the Competition Tribunal to fine Kulula for an agreement made with Lanseria International Airport.
  • Middle Eastern airline shares had mixed performance, with Kuwait National Airways and Air Arabia down, while Royal Jordanian and Jazeera Airways were on the rise.
  • Data source: Centre for Asia Pacific Aviation & Reuters.

See related CAPA profile: Aircraft leasing and finance

1time (shares flat) announced it will request the Competition Tribunal to fine Kulula up to 10% of its turnover in the past financial year for an agreement it made with Lanseria International Airport. An application by 1time to amend its complaint to include penalties against Kulula would be heard on 02-Jul-2010.

Middle Eastern shares were a mixed bag with Kuwait National Airways (-3%) and Air Arabia (-0.2%) down while Royal Jordanian (+1.9%) and Jazeera Airways (+1.9%) were on the rise.

Selected African and Middle Eastern airlines share price movements (% change): 01-Jul-2010

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