In a decade the Jubilee Government has borrowed over Sh766.8 billion in Eurobonds alone and made a single repayment of Sh75 billion. And in the next five years, the coming government will have to make two payments of Sh324 billion of inherited debt in 2024 and 2027. If the coming government serves two terms, it […]
Nairobi — Kenya Airways, and the Air Traffic Control in Netherlands and Germany Saturday said they have launched a probe on an incident where a Boeing plane lost Air Traffic control while flying over Germany on September 20. The airline through a statement said the officials are yet to determine the cause of the incident […]
A proposed new turnaround strategy for Kenya Airways is awaiting approval by the Treasury even as the airline hopes for improved fortunes in the medium term. The plan submitted by UK consultancy firm Steer Group last month suggests the most viable options of revamping the airline in the face of deepening financial losses and depressed […]
A Kenya Airways plane at the Jomo Kenyatta International Airport in Nairobi. Kenya Airways is leasing two idle planes to Congo Airways. PHOTO | FILE | NMG Kenya Airways is leasing two idle planes to Congo carrier in a deal will see the cash-strapped airline save over Ksh100 million ($909,090) annually on maintenance cost and […]
A Kenya Airways 787 retracts its gear after rotation. (Photo: AirlineGeeks | William Derrickson) Kenya Airways and Congo Airways entered into an aircraft leasing agreement that saw Congo Airways begin wet-leasing two Embraer E190 from Kenya Airways on September 15, 2021, actualizing a Memorandum of Understanding (MoU) between Kenya Airways and Congo Airways originally signed […]
A KQ Dreamliner aircraft. FILE PHOTO | NMG The removal of Nairobi from the UK red list has come as a reprieve to the Kenya Airways, which will now see it increase the number of flights to Heathrow, one of its key routes. Kenya Airways had cut the frequencies to UK to twice after the […]
Kenya Airways resumed domestic flights last July while international travel started on August 1, 2020. PHOTO | FILE | NMG Kenya Airways has announced discounted air ticket prices of up to 30 percent as the carrier seeks to shore up revenues following increase in losses over Covid-19 related woes. The airline has reduced ticket prices […]
Directorate of Criminal Investigations (DCI) officers have seized over Sh60 million in fake United States dollars destined for Muscat, Oman. The consignment from a money-laundering syndicate that is under investigation was seized from a transport logistics facility located on Lusaka Road within Industrial Area in Nairobi. DCI sleuths raided the facility on Thursday after receiving […]
File Photo of a Kenya Airways plane mid-flight. The substantive loss cut is greatly attributable to yields from cost cutting initiatives taken across the six months which helped to partially offset a deceleration in revenues. KQ’s total operating costs for instance came down by 10.4 per cent to Ksh.34.6 billion from Ksh.38.6 billion. The airline […]
Kenya’s High Court ruled that the government’s plan to impose a minimum tax on corporate sales, even when a company reports losses, is unconstitutional. The ruling comes as a relief for companies that were wary of paying the 1% levy on total sales from the beginning of 2021, even as they had to cope with […]
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