Mauritius stated tourist arrivals increased 8.7% year-on-year to 65,404 visitors in Sep-2010. Tourist arrivals in the nine months to Sep-2010 increased 6.2% year-on-year. Meanwhile, Air Mauritius shares rose by 1.4% on Friday (22-Oct-2010).
See related CAPA profile: Route changes
Kenya Airways (+0.6%) will increase the frequency of services to Mombasa with 10 daily services from 05-Nov-2010 using two B737-300 aircraft. Fares on the route have been reduced to USD99 (KES7999) inclusive of all taxes. The carrier has plans to operate to Malindi early Dec-2010.
The Kenyan Government raised its economic growth forecast for this year as investor confidence rises thanks to a new constitution and the global economic recovery, according to President Mwai Kibaki. He stated the economy will expand 5% this year and 6% in 2011. This compares with forecasts of 4.5% and 5.7% given by Finance Minister Uhuru Kenyatta in Jun-2010.
Fly540, subsidiary of Lonrho (0%), recently launched daily return Wilson Airport-Amboseli, Nanyuki and Samburu services aimed at reducing the time needed for passengers to drive to and from the airport and streamline check-in and departure.
Selected African and Middle Eastern airlines share price movements (% change) 22-Oct-2010