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Air Arabia Maroc to launch Casablanca-Tunis service; Jazeera shares up 9.8%

Air Arabia Maroc, subsidiary of Air Arabia (-0.5%), announced (24-Nov-2010) plans to launch three times weekly Casablanca-Tunis service on 16-Dec-2010.

Meanwhile, shares in Jazeera Airways gained up 9.8%. The LCC was the biggest gainer on the KSE.

African shares were mostly stable on Wednesday (24-Nov-2010) with Lonrho, Comair and 1time steady. While Kenya Airways shares rose 3.3%. Kenya’s All-Share Index retreated for a third day, losing 0.7% to 81.37 by the 3 p.m. close in Nairobi.

Selected African and Middle Eastern airlines share price movements: (% change): 24-Nov-2010