Kenyan and American flags are waved by respective officials prior to the departure of a Boeing 787-Dreamliner of Kenya Airways on the airline’s first ever non-stop flight from Social Media users in Kenya have commended two pilots working for the national carrier, Kenya Airways, for successfully landing at the airport despite storm Eunice which caused […]
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Kenya Airways suspends planned flights to Italy and Younde, 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 […]
$182 million bailout delay forces Kenya Airways to reinstate salary cuts
The management of Kenya’s national carrier, Kenya Airways, has commenced a series of pay cuts in order to stay afloat. The move has become imperative as the company has not received any of the bailout funds promised to it a full month after the country’s supplementary budget was announced. The pay cuts would see the […]
Liberian contract for National Aviation Services
The Liberia Airport Authority has awarded an exclusive ten-year ground handling management contract to National Aviation Services (NAS). Under the terms of the cooperation, NAS, the fastest growing aviation services provider in the emerging markets, will provide comprehensive ground handling services at the Roberts International Airport (ROB) airport in Liberia. This includes passenger handling, ramp […]
Fresh produce exporters turn to sea amid air freight frustrations
Mofarm Fresh Fruits Exporters Director Elijah Njoroge explains the stages avocado go through before they are packaged for export. Exporters of fresh produce are eyeing to move more of their cargo by sea to stem losses they have been incurring due to inadequate air transport capacity. They say they are being forced to cancel orders […]
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 […]
US firm Seabury kicks off advisory on KQ revival
US-based advisory firm Seabury Consulting has kicked off its advisory brief on the financial restructuring and revival plan for Kenya Airways #ticker:KQ in a contract expected to take six months. The restructuring process aimed at keeping the troubled national airline afloat comes amid a planned government bailout. “They have started work but it’s an ongoing […]
Barriers to region’s air travel growth
Kenya Airways plane. EABC called on the Heads of State Summit to intervene and make air travel in the region affordable by addressing the emerging non-tariff barriers. PHOTO | FILE | NMG Speakers pointed out that despite countries having national carriers, tickets from one capital to another in the region are punitively high, giving room […]
Kenya Airways shareholders’ long wait for soft landing
Kenya Airways planes at Jomo Kenyatta International Airport (JKIA), Nairobi [Boniface Okendo, Standard] The classic investment philosophy is to invest in companies that are beaten down but with the hope that they will bounce back. That was the thinking of investors who between March 25, 1996 and April 1996 agreed to buy into Kenya Airways […]
Kenya Airways shareholders’ long wait for soft landing
Kenya Airways planes at Jomo Kenyatta International Airport (JKIA), Nairobi [Boniface Okendo, Standard] The classic investment philosophy is to invest in companies that are beaten down but with the hope that they will bounce back. That was the thinking of investors who between March 25, 1996 and April 1996 agreed to buy into Kenya Airways […]