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Air Mauritius awards contract to MAS Aerospace Engineering; Kenya Airways shares breaks decline

Air Mauritius shares rose by 6.4% on Thursday (02-Sep-2010). On the same day the carrier awarded MAS Aerospace Engineering (MAE) a one-year maintenance agreement for eight aircraft, comprising six A340-200s and two A330-200s.

The agreement covers heavy maintenance checks involving overhaul works and the repainting of the aircraft to Air Mauritius’ new livery. The services will be conducted at the one-stop MAE facility in Subang.

Kenya Airways shares also rose by 1.6% following five days of declines. Meanwhile, 1time (-3.8%) and Lonrho (-2.2%) were on the decline.

Middle East shares remained mostly stable with Royal Jordanian down 1.3% while Kuwait National Airways and Jazeera Airways remained steady.

Selected African and Middle Eastern airlines share price movements (% change): 02-Sep-2010