Tourism CAS Joseph Boinett, Kenya Tourism Board CEO Betty Radier and Kenya Airways CEO Allan Kilavuka during unveiling of Magical Kenya branded aircrafts at Kenya Airways Headquarters, Nairobi on November 25, 2021. Tourism and travel industry stakeholders will work together with the government to help attain the projected one million foreign visitors this year. Marketing […]
Kenya Airways and South African Airlines signed a Strategic Partnership Framework in South Africa last November, in a move that will see the two carriers eventually form a Pan-African carrier. PHOTO | FILE | NMG Troubled Kenya Airways says it is fast-tracking negotiations to launch common initiatives with South African Airways (SAA) with which it […]
Kenya Airways #ticker:KQ has cut New York flights to three a week from five on low demand following an end to a peak season in December last year. The airline said the number of passengers on the route has dropped, forcing it to remove two flights to John F. Kennedy International Airport, which had been […]
Nairobi-based Kenya Airways is eyeing cutting its fleet from 36 planes to 27. The as yet un-confirmed move is part of a broader turnaround strategy that aims to cut costs and rejuvenate the airline. Kenyan media report Kenya Airways’ Boeing 787-8 and Embraer E190-100ARs fleets are set to shrink. Kenya Airways Dreamliner & Embraer fleets […]
Kenya Airways CEO Allan Kilavuka. FILE PHOTO | NMG Kenya Airways saved $45 million (Sh4.7 billion) in fees 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 the lessors in 2021 to […]
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 […]
Kenya Airways Boeing 737-800 © Tis Meyer (PlanePics.org) Kenya Airways (KQ, Nairobi Jomo Kenyatta ) is planning to downsize its fleet to 30 aircraft, a move that may see more staff lay-offs as the flag carrier looks to cut costs, reports Kenya’s The Star newspaper. This was in line with a recovery-and turnaround plan completed […]
The revelation that 97 percent of stock trading accounts have been dormant for years should spur regulators and other stakeholders in the capital markets into action. It speaks to widespread investor apathy that comes on the back of disappointing returns, a major part of which can be traced to poor corporate governance among some Nairobi […]
The decline of big names such as Uchumi, Kenya Airways, East African Cables, East African Portland Cement and Mumias Sugar was the first sign of struggle in corporate Kenya. [File, Standard] An increase in the number of financially crippled corporates is the new headache for banks, with some lenders in court battles to recover billions […]
Jambojet has ventured into cargo operations with the Dash 8-400 passenger aircraft to its eight destinations within Kenya and DRC . These are Nairobi, Mombasa, Eldoret, Kisumu, Mombasa, Malindi, Ukunda, Lamu and Goma in Eastern DRC. The move comes at the back of increased demand and growth in cargo capacity in Africa. Jambojet began flights […]
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