KQ nets Sh2.5bn annual savings in new aircraft lease deals
A Kenya Airways plane at the Jomo Kenyatta International Airport. KQ has unlocked Sh2.5 billion in annual savings starting next year after negotiating lower charges on a leased fleet of aircraft.
The airline is restructuring to reduce costs, mainly the high fleet ownership expenses.
National carrier to unlock the annual cuts on negotiated charges.
KQ’s target is to cut its overall costs by Sh8 billion, or 10 per cent of the airline’s total operating expenses of Sh79.9 billion as of 2020.
National carrier Kenya Airways (KQ) has unlocked Sh2.5 billion in annual savings starting next year after negotiating lower charges on a leased fleet of aircraft.
The airline says it has negotiated the reduction of aircraft leasing costs by 21 per cent, as it continues with a restructuring programme that targets to bring down its high-cost base, mainly the high fleet ownership expenses.
