Middle East shares a mixed bag; 1time signs tourism agreement

Shares in the Middle East were mixed yesterday, with Jazeera (-1.6%) and Air Arabia (-1.2%) dropping while Kuwait Airways (1%) and Royal Jordanian Airlines (1.2%) rose.

Mango, Kulula, and 1Time (-1.9%) signed an agreement with Cape Town Tourism and Cape Town Routes Unlimited to promote Cape Town as a tourist destination during the 2010 FIFA World Cup.

Lonrho’s shares increased 4.6% while Comair remained steady.

See CAPA Hot Issue on African Aviation.

Selected African and Middle Eastern airlines share price movements (% change): 08-Jun-2010