Minority shareholders of Kenya Airways are trapped in the company whose shares have been suspended from trading for another year, with no clear path to how investors will be able to exit the troubled airline. The company’s share price was first banned from trading in July last year as the government, which owns a controlling […]
Kenya Airways planes at JKIA. Loss-making national carrier, Kenya Airways has received a major financial boost after the exchequer pledged to take over $827 million (Sh93.5 billion) of its debt. The National Treasury further plans to pump in $473 million (Sh53.5 billion) in direct budget support in the fiscal year that ends in June 2022 […]
Several countries have imposed tight travel restrictions on air services with multiple African nations over the Omicron spread. Dubai: Even as more African destinations are added to the no-fly list, air fares between the UAE to other countries on the Continent are recording sharp escalations. A one-stop flight from Johannesburg , South Africa’s largest city, […]
Uganda Airlines Airbus Kampala, Uganda | THE INDEPENDENT | Uganda Airlines, like many of its counterparts in the region will have to cater for two new challenges. That is, the ban on flights by destination markets as well as the plans by bigger and older airlines to re-dominate the market. Less than three months after […]
Kenya Airways Fleet The Kenyan government has scrapped its plan to renationalise Kenya Airways (KQ, Nairobi Jomo Kenyatta ) but instead will protect its financial interests during a USD1 billion restructuring of the flag carrier that will include a USD827 million debt take-over and a USD473 million cash injection, the International Monetary Fund (IMF) has […]
Ukur Yatani- Cabinet Secretary for National Treasury at Parliament Buildings, Nairobi. June 10, 2021. [Jonah Onyango, Standard] This year will be all about the economy. None other than politicians gunning for the highest seat in the land have signalled that the narrative this year will be on how to transform the economic fortunes of ordinary […]
Kenya Airways (KQ) will resume flying to Khartoum nearly two years after suspending flights to Sudan. Last Friday, KQ launched direct flights from South Sudan capital Juba to Khartoum in Sudan as it eyes Africa expansion. The national carrier said the new flight will originate from the Jomo Kenyatta International Airport (JKIA) in Kenya’s capital […]
Nairobi (CNN Business)While passenger air travel has plummeted during the pandemic, demand for air cargo has surged. With e-commerce up and trucks often unable to cross borders, air freight became a global lifeline transporting medical supplies and personal protective equipment, as well as all kinds of everyday products. According to the International Air Transport Association, […]
(Photo by Kola Sulaimon / AFP) • FG, operators divided on implementation strategy, prospects • Local airlines lack corporate governance, cooperation to compete – Experts With no structure in place these past four years, Nigeria lags behind other African countries in the race for open skies agenda in air transport, which is estimated to be […]
A potential partnership between Kenya Airways and South African Airways appears to be a done deal. Kenyan President Uhuru Kenyatta announced during an address to the nation on New Year’s Eve that the airlines will combine operations to form a new carrier, Pan-African Airline, with operations expected to begin in 2023. The partnership came about […]
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