Royal Jordanian to take delivery of new aircraft in May-2010; Most African carrier stocks steady
Lonrho (12.5%) rebounded on Tuesday (18-May-2010) due to a non-aviation related matter involving the purchase of a remaining 49% stake in fresh foods supplier Rollex for GBP4.2 million by Lonrho's Agriculture division which adds to its previously acquired 51% stake.
- Lonrho's rebound on the stock market was driven by its non-aviation related acquisition of a 49% stake in fresh foods supplier Rollex.
- Fly540, a subsidiary of Lonrho, announced plans to launch a daily service between Nairobi and Kakamega.
- Comair and Kenya Airways maintained steady stock prices.
- 1time, a South African airline, experienced a slight increase in its stock price.
- Air Arabia and Royal Jordanian saw no significant changes in their share prices.
- The Centre for Asia Pacific Aviation (CAPA) launched a new business information service focused on the aviation markets in Africa and the Middle East.
In other aviation related news from Lonrho, Fly540 announced plans to launch daily Nairobi-Kakamega service on 18-May-2010.
Elsewhere in Africa, Comair and Kenya Airways remained steady, while 1time (2.8%) rose along with the Johannesburg Stock Exchange (+0.98%).
Air Arabia and Royal Jordanian's shares were steady. Royal Jordanian announced during trading that it will take delivery of an A330 aircraft on 24-May-2010.
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Selected African and Middle Eastern airlines share price movements (% change): 18-May-2010
