Jetscape announced the acquisition of a new Embraer E190-100IGW aircraft and delivered it on lease to Kenya Airways (+0.6%). Its second E190 aircraft will be delivered in May-2011. Both aircraft will be leased for an eight-year term. These E190 aircraft will join Kenya Airway’s Embraer fleet of five E170s.
Meanwhile, Kenya’s shilling depreciated approximately 0.9% to 81.17 per dollar and traded 0.1% down at 80.49 per dollar at 13:29 in Nairobi, compared with a close of 80.45 on 20-Dec-2010. The depreciation is said to be caused by the adverse weather in Europe curbing tourism arrivals to the nation. Tourism accounts for 11% of GDP in Kenya.
Selected African and Middle Eastern airlines share price movements: (% change): 21-Dec-2010