Royal Jordanian extends contract with Worldwide Flight Services; 1time flight has maintenance issues
Royal Jordanian (+1.8%) extended its contract with Worldwide Flight Services (WFS) to include all ramp transportation at London Heathrow. The new contract, effective immediately, means WFS now provides all cargo handling and ramp transport for the airline's daily Amman-London Heathrow service.
- Royal Jordanian extends contract with Worldwide Flight Services for ramp transportation at London Heathrow.
- Middle East shares remain steady, with Air Arabia down and Kuwait National Airways stable.
- South Africa's JSE Africa All Share Index declines, with Comair and Lonrho decreasing and 1time shares rising.
- 1time aircraft forced to return to King Shaka Airport due to landing gear problems.
- Kenya Airways shares experience biggest increase since 02-Jun-2010.
- Nigerian Stock Exchange All-Share Index falls while selected African and Middle Eastern airlines' share prices fluctuate.
See related CAPA profile: Ground Handling
Middle East shares remained relatively steady with Air Arabia (-0.6%) down and Kuwait National Airways stable.
South Africa's JSE Africa All Share Index declined 1.1% on Wednesday (23-Jun-2010), the biggest retreat since 07-Jun-2010 while Comair (-9.3%) and Lonrho (-2%) decreased and 1time (+8.1%) shares rose. Also on 23-Jun-2010, a 1time aircraft was forced to return to King Shaka Airport for maintenance immediately after take-off due to problems with its landing gear.
Kenya Airways (+1.6%) shares posted their biggest increase since 02-Jun-2010 while the Nigerian Stock Exchange All-Share Index fell -0.8%.
Selected African and Middle Eastern airlines share price movements (% change): 23-Jun-2010
Source: Centre for Asia Pacific Aviation & Reuters