Kenya Air eyes $3.6B expansion

Kenya Airways will spend US$3.6 billion over the next five years on new aircraft and routes, mainly aimed at connecting Africa and Asia, its chief executive said has said.


Kenya Airways


Kenya Airways will spend US$3.6 billion over the next five years on new aircraft and routes, mainly aimed at connecting Africa and Asia, its chief executive said has said.

Titus Naikuni said trade between Africa and China and India had soared in recent years, growing at an annual rate of about 200 per cent, creating huge opportunities.

“We are still not a mature market in Africa therefore there is growth,” he said, adding the cargo business would also grow
due to the new freighter the airline leased this financial year. He said total revenue from cargo was 8 per cent, but that may rise to 10-11 per cent by the end of the next financial year.

“We are looking at African markets. We are looking at Asia, India and we need to connect these three land masses,” Naikuni said according to a Reuters report. The airline – 26 per cent owned by
KLM – is looking to nearly double its passenger fleet to 68 planes and add eight freighters. Currently it operates a sole, leased B747-400 freighter. Extra aircraft would enable the carrier to start six new routes to China, six new routes to India, a service to
Madrid, as well as increase frequencies on its numerous African routes. “We are starting Delhi in the next two months. In fact if I had aircraft I would put a double daily to Mumbai,” he said.