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Kenya: KQ Sells Two Planes in Bid to Shore Up Its Finances
East African, 6 October 2017
Kenya Airways has sold two Boeing 737-700 airplanes, marking its latest efforts to reduce its fleet in a bid to shore up its financial position. Read more »
The sale is disclosed in a September regulatory filing by UK-based Air Partner, which arranged the transaction on behalf of the Nairobi Securities Exchange-listed national carrier. Restructuring its fleet, including selling aircraft and sub-leasing to other airlines has been one of KQ's focus areas in recent years as it seeks to return to profitability.
Kenya Airways aircraft at Entebbe International Airport (file photo).
Kenya Airways chairman, Michael Joseph, says all of Kenya Airways' "serious competitors" in Africa, all of them state-owned, are merely "marketing arms of their countries". This ... Read more »
The United States has given the national carrier a foreign air carrier permit "to engage in: scheduled and charter foreign air transportation of persons, property, and mail from ... Read more »
Transport Cabinet Secretary James Macharia says the airline now awaits other crucial licenses to see it fly directly to the United States by March 2018. Read more »
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