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Air Arabia posts small share price recovery

Air Arabia’s share price recovered 1.6% in trading on Tuesday. The carrier, the largest LCC in the Middle East, recently took delivery of its 20th A320. It operates joint ventures in Egypt and Morocco, as well as announcing plans last year for a new JV in Jordan.

There was limited trading elsewhere in the Middle East, with Royal Jordanian reporting a 0.6% fall.

Selected African and Middle Eastern airlines’ share price movements: (% change): 18-Jan-2011

MEAAD