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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.

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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