The State House budget has been increased 47.7 percent or Sh1.89 billion for an undisclosed expense, purchase of cars and local trips, signalling increased travel by President Uhuru Kenyatta in the months to the August General Election. The Treasury’s supplementary budget estimates presented to Parliament for review indicate fresh allocation of Sh1.05 billion to State […]
The Kenya Airports Authority (KAA) has kicked off the expansion of the Kisumu International Airport in readiness for the May 2022 Africities Conference. The new airport, which will double up its current capacity upon completion, is expected to be ready for operation in the next 90 days. The KAA managing director Mr Alex Gitari said […]
Kenya has increased its budget estimates due to elections, Covid-19 expenditures and a bailout for the national carrier. PHOTO | FILE Kenya’s supplementary budget estimates presented to Parliament on Tuesday indicate fresh allocations of $231.6 million to the national carrier and other undisclosed expenditures, $217.6 million to fuel subsidy, $79.1 million to prepare for the […]
Kenya Airways Boeing 787-8 The Kenyan Government has tasked Seabury Consulting, part of Accenture, to help Kenya Airways (KQ, Nairobi Jomo Kenyatta ) evaluate options to restructure its debt. The retention of an international aviation consultant to prepare an in-depth financial assessment of Kenya Airways was highlighted as essential for the country’s state-owned enterprises (SOE) […]
National Treasury CS Ukur Yatani during a past press conference The National Treasury will borrow Sh70 billion more to bail out ailing parastatals , including Kenya Airways and Kenya Power. In his first supplementary budget for the current financial year ending June, National Treasury Cabinet Secretary Ukur Yatani revised the overall fiscal deficit – the […]
Kenya Airways (KQ) plane at Jomo Kenyatta International Airport (JKIA). Loss-making Kenya Airways (KQ) tops in Sh38.35 billion bailout unveiled yesterday to support struggling state-owned enterprises. Treasury is seeking parliamentary clearance to support KQ, Kenya Power and universities such as the University of Nairobi, which have been facing cash flow problems. If approved by Parliament, […]
Kenyan Airways planes are parked at the Jomo Kenyatta International Airport in Nairobi, Kenya, 24 March 2020. REUTERS/Baz Ratner The East African aviation industry, like its counterparts globally, is having a tumultuous pandemic period. Revenue losses and reduced passenger numbers due to Covid-19 travel restrictions as well as uncertainty have hit the aviation sector hard, […]
Kenya Airways Dreamliner at Kenya Airways Headquarters, Nairobi on November 25, 2021 Kenya Airways has appointed Global GSA as its passenger general sales agent for the Italian market. Pursuant to the agreement, from February 1, 2022, Global GSA will manage all the commercial activities in Italy on behalf of Kenya Airways. This includes the support […]
Kenya Airways (KQ) has cut the number of direct flights linking Nairobi to the US city of New York. The national carrier told Business Daily that it has reduced the frequency of trips on the route from five to three per week due to low passenger demand. The demand for direct flights to John F. […]
Kenya Airways The government’s bailout fund for the airline is contained in a supplementary budget that was recently sent to the country’s lawmakers. Meanwhile, in order to get the bailout fund, the airline would have to ensure that "certain restructuring milestones" are actualised. The company’s Chairman, Michael Joseph, confirmed this condition to Bloomberg. Kenya Airways, […]
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