Kenya has offered its national carrier Kenya Airways (KQ) a KES25 billion shillings ($217 million) lifeline on unpaid interest, which will help it survive and sustain operations during and after the COVID-19 pandemic. The airline discloses in its latest annual report for the period to December 2021 that it failed…
Kenya Airways has appointed Seabury Consulting, part of Accenture, to advise its board on the restructuring process being undertaken by the airline in restructuring its debt as well as advising the board on growing revenues on a long-term business plan. Confirming the deal, KQ Board Chairman Michael Joseph said, “They…
During the last few years, Kenya Airways struggled financially. One would argue that many airlines globally have found a tough going but for Kenya Airways, the fate of the airline hangs in the balance. The government — who has been writing checks to keep the airline afloat — is now…
With the international airline market still struggling to recover from the drop in demand driven by the Covid-19 pandemic, carriers deeply relying on international connections have had to face tough choices in the past 24 months. One of these is SkyTeam member Kenya Airways, which will have to completely overhaul…
Kenya Airways and South African Airways this week signed a strategic partnership framework that may be the pathway to co-starting a Pan-African airline group by 2023. This follows the September signing of a memorandum of cooperation between the two national carriers. This week's signing was undertaken by the chairmen of both…
Connectivity is considered to be the very heart of an airline's success because what more could passengers ask for besides convenient and seamless connections to wherever they wish to go. Whilst it might currently seem impossible for any airline to fly to every available destination from its hub, but connections…
Rhetoric on the need for cooperation between airlines in Africa has never been in short supply, but action has been less forthcoming. In the current aviation landscape, filled by the emergence of new markets, South African Airways and Kenya Airways are looking to redouble their efforts to remain competitive. The…
Kenya Airways and Congo Airways entered into an aircraft leasing agreement that saw Congo Airways begin wet-leasing two Embraer E190 from Kenya Airways on September 15, 2021, actualizing a Memorandum of Understanding (MoU) between Kenya Airways and Congo Airways originally signed on April 2021 in Kinshasa, Congo which was witnessed…
COVID-19 pandemic hit the aviation industry hard. Though for many airlines recovery plans are a key priority, innovations and technologies are still on the agenda. Kenya Airways PLC (KQ), through its fully owned subsidiary Fahari Aviation signed a Memorandum of Understanding with Embraer’s Eve Urban Air Mobility Solutions (“Eve”) to…
