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Wataniya extends agreement with Austrian Airlines; Air Mauritius replaces CEO

Analysis

Wataniya Airways, subsidiary of Kuwait National Airways (-1.4%), announced (08-Dec-2010) an extension to its interline agreement with Austrian Airlines to 10 more major connections in Europe, taking its network to 29 cities in Europe.

Summary
  • Wataniya Airways extends interline agreement with Austrian Airlines, adding 10 more major connections in Europe.
  • Passengers can now use a single ticket without the need to collect and recheck baggage in Vienna.
  • Air Mauritius dismisses CEO Soobhiraj Bungsraz and appoints CFO Andries Viljoen as the new CEO.
  • Middle East and African airline shares remain mostly stable, with Lonrho and Air Arabia experiencing slight declines.
  • Jazeera Airways, 1time, Comair, and Kenya Airways shares remain steady.
  • Royal Jordanian Airlines shares gain 2.5%.

The carrier also announced that passengers will be able to use a single ticket without the need to collect and recheck their baggage in Vienna to a variety of destinations across Europe. Wataniya operates three times weekly Kuwait-Vienna service. The 10 new connections the agreement adds to Wataniya Airways' route network are: Amsterdam, Berlin, Bologna, Graz, Hamburg, Rome Fiumicino, Lyon, Munich, Nice and Venice.

Air Mauritius (0%) dismissed CEO Soobhiraj Bungsraz and appointed CFO Andries Viljoen to the position for reasons undisclosed. This comes two months after his appointment on 29-Sep-2010. Mr Viljoen will take over management of the carrier until further notice.

Middle East and African shares were mostly stable with Lonrho (-1.4%) and Air Arabia (-1.1%) down while Jazeera Airways, 1time, Comair and Kenya Airways remained steady. Royal Jordanian Airlines shares gained 2.5%

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

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