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Air Arabia confirms Alexandria-Beirut service; Privatisation of Kuwait Airways progresses

Air Arabia (-0.5%) confirmed on Monday (28-Jun-2010) the launch of four times weekly service to Beirut from its third hub in Alexandria from 01-Jul-2010.

See related CAPA profile: Route Changes

Meanwhile, the Kuwait Investment Authority (KIA), which is overseeing the privatisation of Kuwait Airways (0%), reportedly awarded Abdulhameed Al-Sarraf and Partners and Baker and McKenzie a contract to provide legal advise on the privatisation of the carrier.

See related CAPA profile: Privatisation

African shares were mixed, with 1time (-5.5%) and Kenya Airways (-1.1%) shares down while Lonrho (+4.6%) and Comair (+4.6%) were on the rise.

Selected African and Middle Eastern airlines share price movements (% change): 28-Jun-2010