Kenya Airways’ customers lost Sh4.48 billion last year after they failed to show up for their flights, leaving them with expired tickets. The value of the expired tickets have been disclosed in the airline’s latest annual report. KQ, as the carrier is known by its international code, books revenue from ticket sales whether customers fly […]
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Kenya Airways Gets A Government Bailout To Allow Reorganization
Kenya Airways will receive another round of help from the government as it battles extreme financial struggles to stay afloat. The state treasury will loosen its purse strings once again just weeks after approving more than $170 million for the airline. The much-needed cash is expected to help the airline reorganize its structure and operations […]
Kenya Airways’ loss making routes revealed
A Kenya Airways plane India remains the most depressed market for Kenya Airways (KQ), new data shows, shedding 67 per cent of revenues earned by the carrier on the route in 2021 compared to the previous. An annual report shows that the national carrier’s revenues on the India route dropped from Sh5.5 billion in 2019 […]
KQ gets another Sh36.6bn State bailout
The Treasury will offer Kenya Airways #ticker:KQ a further Sh36.6 billion bailout in the year starting July as part of efforts to prop up the national carrier amid recovery from the Covid-19 travel slump. The allocation, contained in budget documents tabled in Parliament, comes weeks after MPs approved a Sh20 billion bailout to the airline. […]
Kenya Airways gets a Sh36.6b bailout as restructuring looms
The entrance to some of Kenya Airways’ offices in Embakasi, Nairobi. Treasury has allocated cash-strapped Kenya Airways Sh36.6 billion to help with its reorganisation. In the Budget for the upcoming 2022-23 financial year, KQ will get the money as part of government’s strategic investments in public enterprises. This brings the total amount of capital injected […]
KQ owes aviation sector regulator Sh262 million
Kenya Airways #ticker:KQ owes the aviation authority Sh262.9 million, a new audit tabled in Parliament shows. The amount is part of the total of Sh548.4 million owed to the Kenya Civil Aviation Authority (KCAA) by various parties. The amounts claimed by the agency have been disclosed by Auditor General Nancy Gathungu in a review of […]
Foreign airlines in Nigeria to begin ticket sales in dollars
APG Interline E-Ticketing (APG IET), an airline servicing firm , on Wednesday announced that it would begin sales of air tickets in U.S. dollars from April 19 amidst scarcity of foreign currency in Nigeria. “Dear travel partners, warm greetings from APG. This is to bring to your notice that with effect from April 19, 2022, […]
Kenya Airways defers interest payment on $217mn gov’t loan
Kenya Airways Fleet Kenya Airways (KQ, Nairobi Jomo Kenyatta ) has been granted waivers and deferrals on unpaid interest on KES25 billion shillings (USD217 million) worth of loans from the Kenyan government, advanced in the past two years to enable the airline to sustain operations during and after the COVID-19 pandemic. According to the airline’s […]
Kenya: Sarova to Manage Imperial Hotel in Kisumu
Nairobi — Sarova Hotels & Resorts has announced the addition of Imperial Hotel Kisumu, to the group’s portfolio after the signing of a 7-year management agreement with the hotel’s owners, the Gilani family. The Kisumu hotel will now be named Sarova Imperial Hotel Kisumu, its eighth hotel in Kenya. Speaking at the signing ceremony, Sarova […]
Travellers lose Sh4bn in expired KQ tickets
Kenya Airways’ #ticker:KQ customers lost Sh4.48 billion last year after they failed to show up for their flights, leaving them with expired tickets. The value of the expired tickets have been disclosed in the airline’s latest annual report. KQ, as the carrier is known by its international code, books revenue from ticket sales whether customers […]
