Kenya Airways (KQ) has increased the frequency of its direct flights to the United States to meet the rising demand for travel this festive season. The national carrier will now operate five flights per week between Jomo Kenyatta International Airport (JKIA) in Nairobi and JF Kennedy International Airport in New York, up from two weekly. […]
DEBT: Graph showing Kenya’s surging debt. Image: COURTESY While Kenyans are off resting over the Christmas break, National Treasury mandarins are burning the midnight oil, putting in play a final onslaught on public coffers. The exchequer is going for broke as it desperately seeks to fill a yawning budget gap fuelled by corruption leaden legacy […]
Kenya Airways Chief Executive Allan Kilavuka. [David Njaaga, Standard] Kenya Airways (KQ) Chief Executive Allan Kilavuka says reinstating full salaries for employees will depend on sustained revenue recovery and renegotiating debts with creditors. He says the airline has seen an improvement in revenues but not enough to lift the current 30 per cent pay cuts […]
REUTERS/Rogan Ward Serial lossmakers South African Airways and Kenya Airways signed a strategic partnership framework in November as a step towards starting on a pan-African airline group by 2023. Analysts doubt that two negatives will make a positive, and say implementing the Single African Air Transport Market (SAATM) would do more to advance Africa’s aviation […]
A container of live fish before being loaded in Kenya Airways plane at Moi International Airport. The government has dropped plans to nationalise Kenya Airways (KQ). The National Treasury will instead roll out a $1.3 billion (Sh147 billion) multi-year restructuring programme that includes taking over debts. The change of plan is contained in the latest […]
Kenya’s Finance Cabinet Secretary Ukur Yatani presents the Government Budget for the 2021/22 fiscal year inside the Parliament buildings in Nairobi, Kenya June 10, 2021. REUTERS/Monicah Mwangi NAIROBI, Dec 23 (Reuters) – Kenya aims to replace a nominal public debt ceiling with a debt anchor as a percentage of gross domestic product by the end […]
Nairobi — National Airline, Kenya Airways (KQ) and Italy’s new flag carrier, ITA Airways, have announced a codeshare agreement providing passengers with seamless connections from the KQ network to destinations across Europe. Under the new agreement, travellers will be able to connect to ITA Airways network across Europe and reach some of Italy’s most picturesque […]
Dubai has extended the ban for all inbound and transit passenger flights from Kenya till December 24 amid a surge in Covid-19 cases in the country. The Dubai Civil Aviation Authority (DCAA) had announced a 48-hour suspension on all flights from Kenya to the Middle East nation on December 20. On Wednesday, the Dubai-based Emirates […]
Kenya Airways #ticker:KQ has increased frequencies to the US to four a week as demand for bookings picks up this festive season, coming as a relief to the carrier that is struggling with low numbers in the wake of a new variant of Covid-19 that has hit the airlines. KQ said it has seen an […]
The Treasury will offer Kenya Airways #ticker:KQ a further Sh146.9 billion bailout amid delayed recovery from a travel slump following Covid-19 in financial support that will see the State drop the plan to nationalise the airline. Treasury Secretary Ukur Yatani has said the government will take over Sh93.4 billion of national carrier Kenya Airways’ debt […]
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