AirArabia to receive two A320s at the end of 2010; African shares on the rise
AirArabia (+1.5%) Corporate Communications Manager, Housam Raydan, stated on Monday (12-Jul-2010) the carrier will receive two of 44 A320s – ordered in Nov-2007 from Airbus – "towards the end of this year". Mr Rayfan said: "After the first two to be delivered later this year, the remaining aircraft will also arrive in batches." The carrier operates a fleet of 25, a "mix of owned and leased aircraft".
See related CAPA profile: Aircraft leasing and finance
See related CAPA profile: Route Changes
African shares increased marginally with Kenya Airways (+1.6%) and 1time (+1.9%) up while Lonrho and Comair stayed steady.
Selected African and Middle Eastern airlines share price movements (% change): 12-Jul-2010