In line with its 10-year plan, KQ intends to acquire new fleets and expand its operations. If the plan is realised, then they will be able to fund their ambitious plans to double their fleet by 2015 and become Africa’s premier carrier with a footprint in all African nations in the next 10 years. Kenya Airways is all set to acquire nine new Boeing 787 Dreamliners over the next few years so that it can effectively operate long haul flights to regions such as Far East, North Asia, and southern America. The national carrier’s expansion is partly a plan to counter the growing penetration of the cash-rich Middle East airlines in Africa.
The number of Kenyans who flew to Europe increased by 14.7 per cent, while those to the Middle East, Far East and other regions increased by 6.8 per cent. In its third quarter report for the period ending Dec 31, 2011, it said passenger numbers increased by 15.4 per cent compared to a similar period in the previous year. The volume of cargo handled by the airline also increased by 6. 2 per cent. Kenya Commercial Bank will be the receiving bank while CFC Stanbic will be the lead transaction advisor. Scanad and Ogilvy PR will be the advertising and public relations advisors respectively.
Kenya Airways hopes to see more cooperation among the African airlines to reduce their current dependence on European airlines on cooperation and strategic alliances. Kenya Airways is among the top order airlines in the continent competing with other continental leaders such as South Africa Airways, Egypt Air and Ethiopia Airlines.
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