Kenya Airways is actively seeking a significant capital infusion of up to $2 billion. This strategic move is intended to manage its existing debt and facilitate an ambitious fleet expansion to enhance its operational capabilities.
Kenya Airways, a major player in African aviation, is currently facing significant operational hurdles with its fleet of Boeing 787 Dreamliners. According to CEO Allan Kilavuka, three of these aircraft have not been airborne since February 2025, primarily due to the airline’s challenges in securing the appropriate engines and spare parts.
Kenya Airways, the flag carrier of Kenya, is currently in the process of seeking a strategic investor to aid in its financial recovery and future growth plans. This search is part of a broader strategy that includes completing a significant capital restructuring and enhancing liquidity to ensure sustainable operations.
Kenya Airways has achieved a notable financial milestone, reporting its first full-year profit in 12 years. In 2024, the airline recorded a total revenue of $1.5 billion, up 6% from the previous year, culminating in a net profit of $41.7 million. A significant contributor to this success was gains from foreign exchange, a key driver in the airline’s…
Kenya Airways (KQ) has initiated a strategic review of its 41.2% stake in Precision Air (Tanzania), citing negative shareholder equity and the need to align with its broader turnaround strategy. The stake, currently valued at approximately $498 million, is under assessment as KQ seeks to optimize its financial position and restructure its investments.
Kenya Airways has taken delivery of a Boeing B737-800, serial 39604, on lease from DAE Capital (UAE), marking the resumption of its fleet expansion strategy.
Air India and Kenya Airways have officially signed a codeshare partnership, strengthening their existing interline agreement and expanding connectivity between India and Africa. The new arrangement will allow passengers to book flights seamlessly across both airlines, increasing travel options between the two regions.
Kenya Airways has confirmed the resumption of direct flights to Luanda, Angola, following high-level discussions between the presidents of the two nations in the Angolan capital. This development signifies a strengthening of diplomatic and economic ties between Kenya and Angola, facilitating improved connectivity and fostering bilateral trade and tourism.
Kenya Airways, the national carrier of Kenya, has resumed trading its shares after a suspension that lasted nearly five years. The suspension was initially implemented as part of a comprehensive restructuring effort to revive the struggling airline and address its financial challenges. The process aimed to reduce the airline’s reliance on state resources and restore its…
Kenya Airways has announced the resignation of James David Kabeberi from his role as a director. Kabeberi also served as the Chairman of the Board Audit and Risk Committee, a critical position overseeing the airline’s governance and financial risk management. His departure marks a significant change in Kenya Airways’ leadership, as Kabeberi brought extensive experience in corporate governance and…
