Air Arabia receives its Air Operator's Ceritificate for Egypt; Fly540 to sign tour agreement
Air Arabia received its Air Operator's Certificate (AOC) from the Egyptian Civil Aviation Authority, clearing the way for the imminent launch of Air Arabia Egypt, the carrier’s Alexandria-based joint venture company. Air Arabia Egypt’s operations will commence in Jun-2010 from Alexandria Burj Al Arab Airport. Air Arabia's shares fell 0.7% on Friday.
Meanwhile, Comair (7.7%) and 1time (0.9%) rose even though the Johannesburg Stock Exchange fell by -0.3%.
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Selected African and Middle Eastern airlines share price movements (% change): 21-May-2010