How Gulf Energy Colluded With Insiders To Fleece Kenya Airways With Outrageous Fuel Prices

Kenya Airways (KQ) former finance head Alex Mbugua colluded with cartels to fleece the airline dry through fuel tenders, insiders have revealed. Information reaching Kahawa Tungu indicates that Mbugua colluded with cartels at Gulf Energy to sell fuel to KQ at exaggerated prices, which saw the carrier lose at least Ksh400 million per year. Our […]

IATA predicts yet another year of losses for African airlines due to low flyer numbers and high costs

African airlines will record losses in 2019 as their profitability will be weighed down by low load factor and high cost of operations resulting from increased cost of fuel, says a recent report by the International Air Transport Association (IATA). The loss remains unchanged from what was recorded last year as airlines still struggle with […]