The takeover of South African Airways (SAA) by a new buyer will not affect the plan to form a Pan-African Airline with Kenya Airways #ticker:KQ . Kenya Airways (KQ) chairman Michael Joseph said Takatso Consortium, which is acquiring a 51 percent stake in the ailing South African carrier, has been involved in all the steps […]
Tag: kenya airways
Ethiopia Airlines to buy five Boeing cargo planes
Ethiopian Airlines will purchase five 777-8 freighters after reaching a deal with the US plane maker Boeing as it seeks to ramp up its cargo services. The move is expected to tighten freight competition between the Addis-based carrier and Kenya Airways #ticker:KQ . The Ethiopian carrier has reached a preliminary deal with the Boeing for […]
Kenya Airways Partners With the Magical Kenya Open as Official Airline Partner
Nairobi — National carrier, Kenya Airways, has announced a partnership with Kenya Open Golf Limited as the official airline partner during this year’s edition of the Magical Kenya Open Championship. The partnership will see the carrier fly in all the Professional Golfers Association (PGA) officials who will be supervising and managing the tournament. The airline […]
Kenya Airways making inroads in slum tourism
Full moon is seen behind a Kenya Airways (KQ) tail of the plane on March 27, 2020 at Jomo Kenyatta International Airport (JKIA). Loss-making Kenya Airways made a spectacular fly-past over the Mathare Valley last weekend, prompting speculation that slum tourism was finally here. The Kenya Open Golf tourney, which was underway at the neighbouring […]
Kenya Airways suspends planned flights to Italy and Cameroon, gives reason
Kenya Airways suspends planned flights to Rome and Cameroon, gives reason The airline blamed the suspension on low passenger demand, due to the impact of the pandemic. In the meantime, the airline said it will keep serving Italy through other European destinations such as London and Amsterdam. Recall that Kenya Airways had, in October last […]
Eveready East Africa most expensive stock on NSE
Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]
Eveready East Africa most expensive stock on the Nairobi Securities Exchange
Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (NSE) relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares traded at […]
Kenya Airways targets 2025 for eVTOL testing
Eve Air Mobility eVTOL Kenya Airways (KQ, Nairobi Jomo Kenyatta ) aims to start testing electric vertical take-off and landing (eVTOL) aircraft from 2025 through its new subsidiary Fahari Aviation ( Nairobi Jomo Kenyatta ), according to Chief Executive Officer Allan Kilavuka. Speaking to Business Daily Africa, he said: “We are working on a future, […]
Kenya Airways Is Optimistic About Its 2022 Revenues
With many countries beginning to ease their travel restrictions, airlines are eyeing 2022 as a year for recovery. Kenya Airways is once such carrier, with the Nairobi-based operator projecting a notable rise in passenger revenues this year. The airline is hoping for a busy summer despite the uncertainty of an upcoming election. Revenues up by […]
Kenya Airways reviews route network amid recovery efforts
NAIROBI, March 7 (Xinhua) — Kenya Airways said Monday it plans a route network review program that will affect a few of the routes in its network. The national carrier said the network review is routine and is informed by the return to air travel as the aviation industry recovers from the COVID-19 pandemic. "The […]