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Air Mauritius' shares keep rising

Air Mauritius Ltd's shares are trading at multi-year highs after analysts predicted the airline would return to profit this year after a strong peak season.

Mauritius' Tourism Minister Nandcoomar Bodha last week told Bloomberg that growth in its tourism industry is expected to exceed initial estimates in 2011 as the nation attracts more visitors from emerging Asian economies, including India and China. Mauritius is forecast to receive 950,000 visitors in 2011.

Selected African and Middle Eastern airlines’ share price movements: (% change): 07-Jan-2011

MEAAD