Kenya Airways planes at Jomo Kenyatta International Airport (JKIA), Nairobi [Boniface Okendo, Standard] The classic investment philosophy is to invest in companies that are beaten down but with the hope that they will bounce back. That was the thinking of investors who between March 25, 1996 and April 1996 agreed to buy into Kenya Airways […]
Tag: kenya airways
Kenya Airways saved $45 million after it changed aircraft lease terms
Kenya Airways saved $45 million after it changed a ircraft lease terms, opting for hourly rates in place of fixed costs. Kenya Airways Chief Executive Allan Kilavuka said the airline reached a deal with lessors in 2021 to only pay when they fly leased aircraft. Paying for idle planes The deal saved the airline millions […]
Agency faulted over delay to take over Weston Hotel land
Auditor General Nancy Gathungu during a session in Parliament on December 7. Auditor General Nancy Gathungu has questioned delays by the Kenya Civil Aviation Authority to recover the Weston Hotel land. She said the delay is happening despite a recommendation by the National Assembly. In an audit report tabled in Parliament, the auditor has called […]
GlobalX to buy 200 Eve air taxis, plans South Florida operations
Embraer’s Eve Urban Air Mobility spin-off has clinched a letter of intent with Miami-based Global Crossing Airlines Group to acquire up to 200 electric vertical take-off and landing (eVTOL) aircraft, with deliveries scheduled for as early as 2026. Eve disclosed the deal on 16 March, saying it now has 1,785 eVTOLs in its backlog. “We […]
Kenya Airways reinstates pay cuts as bailout is delayed
The management of Kenya’s national carrier, Kenya Airways , has commenced a series of pay cuts in order to stay afloat. The move has become imperative as the company has not received any of the bailout funds promised to it a full month after the country’s supplementary budget was announced. Kenya Airways reinstates pay cuts […]
KQ owes aviation sector regulator Sh262 million
Kenya Airways #ticker:KQ owes the aviation authority Sh262.9 million, a new audit tabled in Parliament shows. The amount is part of the total of Sh548.4 million owed to the Kenya Civil Aviation Authority (KCAA) by various parties. The amounts claimed by the agency have been disclosed by Auditor General Nancy Gathungu in a review of […]
Women in finance lobby NFNV picks new leaders for Kenya
NFNV Kenya Board of Trustees chairperson Caroline Armstrong-Ogwapit. FILE PHOTO | NMG Women in finance network organisation New Faces New Voices Trust in Kenya (NFNV) has appointed Caroline Armstrong-Ogwapit as the new chairperson of its Board of Trustees as it seeks to strengthen it banking and public sector ties. Ms Armstrong-Ogwapit boasts 25-year banking with […]
Landlocked Africa seeks competitive rates and sustained air cargo capacity
Intra-African trade will stimulate opportunities for air freight and associated handling. Photo – NAC2000 An increasingly competitive landscape and high airfreight costs have put pressure on air cargo in some landlocked parts of Africa. Most African shipments are perishables, but for mining economies such as Zambia, which is landlocked in southern Africa, mining-related materials, as […]
Kenya Airways Sees Russia’s Invasion Inflating Air Ticket Costs
An Embraer SA 190 passenger aircraft, operated by Kenya Airways Ltd., stands on the tarmac during a reopening ceremony at Jomo Kenyatta International Airport in Nairobi, Kenya, on Wednesday, July 15, 2020. Kenya Airways Plc started a three-month round of job cuts as lawmakers debate a bill to nationalize the carrier and its losses mount […]
Kenya Airways eyes 2025 air taxi launch in UAM diversification
African national flag carrier Kenya Airways says it will continue diversifying its activity and income sources by rolling out air taxi services in 2025 – part of its efforts to develop next-generation urban air mobility (UAM) operations. Kenya Airways CEO Allan Kilavuka said the company plans on testing air taxi flights in 2025, and hopes […]