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Wataniya to launch Beirut-Vienna service; Comair shares down 6.8%

Analysis

Wataniya Airways, subsidiary of Kuwait National Airways (+1.2%), announced the launch of Beirut-Vienna service from 31-Oct-2010.

Summary
  • Wataniya Airways, a subsidiary of Kuwait National Airways, is launching a new Beirut-Vienna service from 31-Oct-2010.
  • South Africa's FTSE/JSE Africa All Share Index fell by 0.6% at the close of trade on 19-Oct-2010.
  • Comair shares dropped by 6.8%, while 1time and Lonrho remained unchanged in South Africa.
  • Royal Jordanian and Air Arabia experienced slight decreases in their share prices, while Jazeera remained stable in the Middle East.
  • These share price movements indicate relative stability in the Middle East aviation market.
  • The data is sourced from the Centre for Asia Pacific Aviation and Reuters.

See related CAPA profile: Route changes

South Africa's FTSE/JSE Africa All Share Index fell 173.97, or 0.6%, to 30,003.08 at the close of trade in Johannesburg on Tuesday (19-Oct-2010). Meanwhile, Comair shares dropped down 6.8% while 1time and Lonrho remained unchanged.

Middle East shares were relatively stable with Royal Jordanian (-0.6%) and Air Arabia (-0.2%) down slightly while Jazeera remained stable.

Selected African and Middle Eastern airlines share price movements (% change) 19-Oct-2010

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