Lonrho climbs; 1time flat; Air Arabia and Kuwait National Airways down
In the Middle East, Air Arabia (-1.1%) fell despite the carrier’s Board of Directors proposing a cash dividend of 10% for 2009. This proposal is subject to ratification at the company’s upcoming AGM on 18-Mar-2010.
The carrier's Moroccan unit announced plans to launch three times weekly Casablanca-Montpellier service from 28-Mar-2010 with A320 equipment. Montpellier is the fourth French and 13th European destination in Air Arabia Maroc's network.
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Selected African and Middle Eastern airlines share price movements (% change): 17-Feb-2010