As Kenya Airways prepares for another round of state bailouts, we sit down with the national carrier boss and discuss about when he thinks the bailouts will stop and KQ will be ready to stand on its feet. LET US TALK ABOUT THE NEW ROUND OF BAILOUTS WHEN WILL KQ STOP REQUIRING BAILOUT? From 2020, […]
Tag: kenya airways
Kenya Airways Downsizes Fleet, Cuts its Operational Costs
During the last few years, Kenya Airways struggled financially. One would argue that many airlines globally have found a tough going but for Kenya Airways, the fate of the airline hangs in the balance. The government — who has been writing checks to keep the airline afloat — is now demanding the carrier to restructure. […]
Kenya Airways opts for aircraft hourly lease, saves $45m
One of the biggest airlines in Africa, Kenya Airways, has saved $45 million ((Sh4.7 billion) after it changed the lease terms on its aircraft fleet, 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 […]
Kenya Airways signs service deal with Boeing
Kenya Airways 787 Dreamliner plane at Moi International Airport in Mombasa. FILE PHOTO | NMG Under the programme, Boeing team will take over the management of all the repairs and overhaul processes of the Kenya Airways that is a subject of state takeover. The agreement was signed on Wednesday at the 2022 MRO Middle East […]
Kenya Airways signs for Boeing landing gear exchange services
NAIROBI – February 28, 2022 – Boeing and Kenya Airways PLC (KQ) have announced the signing of a Memorandum of Understanding (MOU) for landing gear exchange services. The announcement was made at the 2022 MRO Middle East exhibition, which is the leading aviation industry event for Maintenance, Repair, and Overhaul in the region. With the […]
Boeing, Kenya Airways sign landing services deal
FILE FILE IMAGE: Kenya Airways planes at JKIA. Image: Douglas Okiddy Boeing and Kenya Airways PLC have signed a memorandum of understanding for landing gear exchange services. The announcement was made at the 2022 MRO Middle East exhibition, which is the leading aviation industry event for maintenance, repair and overhaul in the region. According to […]
Kenya Airways sets 2025 flying taxis launch date
Kenya Airways #ticker:KQ will pilot electric vehicles that take off and land vertically to beat traffic from 2025 as part of the airline’s diversification through its new subsidiary Fahari Aviation. The electric vertical take-off and landing (eVTOL) aircraft is a new technology that uses electricity to hover, take off, and land vertically, making it easier […]
Delta Air Lines Suspends Its Aeroflot Codeshare Over Ukraine Invasion
Delta Air Lines has withdrawn its codeshare service operated in conjunction with the Russian national carrier, Aeroflot, effective immediately. The US carrier is the first airline to end its partnership with Russia’s state carrier following the Russian invasion in Ukraine. Could more follow? Delta ends Aeroflot’s codeshare agreement Effective immediately, Delta Air Lines has finished […]
Kenya Airways forecasts 20% rise in revenue
One of Africa’s biggest airlines, Kenya Airways, narrows losses occasioned by COVID-19 as the carrier expects a 20 per cent rise in revenue in 2022, according to its CEO, Allan Kilavuka. The carrier, in which government has a 48.9 per cent stake, saw revenue go down by half at the height of the pandemic in […]
Investors look beyond polls to pump billions into Kenya
The investors say Kenya and Africa, in general, have a myriad of glaring opportunities that need to be tapped. Last December, the African Import and Export Bank (Afrexim Bank) said it wants to pump money into Kenyan firms in various sectors as the Pan-African lender eyes an increased role in the Kenyan economy. Despite mounting […]