Lonrho and Kenya Airways shares drop. Collision at Jomo Kenyatta Airport

The share price of Lonrho, parent of Fly540 Aviation, slumped 11.1% on Monday (17-May-2010) - on the same day of an incident involving one of its aircraft. The aircraft's tail was hit by a Kenya Airways B737-700 during line-up for take-off at Jomo Kenyatta International Airport (JKIA) at 9:30 am local time on Monday. The incident has been reported to the Kenya Civil Aviation Authority (KCAA) for investigation.

Kenya Airways' shares fell 0.9%. In other Africa news, 1time (-1.8%) fell, while Comair remained steady as the Johannesburg Stock Exchange dropped by -0.13%.

Kuwait National Airways, Royal Jordanian Airlines and Air Arabia also remained steady despite the Amman Stock Exchange dropping by -0.72% and the Kuwait Stock Exchange rising by 0.46%.

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Selected African and Middle Eastern airlines share price movements (% change): 17-May-2010