Kenya Airways faser ut B777, i B787's favør - I økonomisk trøbbel

[Trdfly]

Kenya Airways faser ut B777, i B787's favør - I økonomisk trøbbel

Kenya Airways (KQ, Nairobi Jomo Kenyatta) has tentatively scheduled its last B777-200(ER) and B777-300(ER) operations for May and September of this year respectively. According to the Airline Route blog, the carrier's last B777-200(ER) service is scheduled to be Dubai Int'l-Nairobi Jomo Kenyatta on May 18 while its last B777-300(ER) flight is a London Heathrow-Nairobi service slated for September 26.

As previously reported by ch-aviation, the Kenyan national carrier intends to sell off its -200s while the -300s will be returned to their lessor, one of which is General Electric Capital Aviation Services (GECAS).

The airline has been grappling with a dramatic downturn in tourism brought on by al-Shabaab terrorist attacks on the Westgate shopping mall in Nairobi in 2013 and the more recent assault on Garissa University in the country's north-east. As such, the B777s have proven difficult to operate economically leading to their withdrawal in favour of the B787-8.

Last month, CEO Mbuvi Ngunze told Reuters in an interview that the airline would also be selling off a parked B767-300(ER), 5Y-KYX (msn 24484), and some real estate to help shore up its finances. In addition, it will shortly finalize a bridging loan with an undisclosed financing house.

http://www.ch-aviation.com/portal/n...ets-tentative-final-dates-for-b777-operations

 

[Someone]

Kenya Airways faser ut B777, i B787's favør

-200ER er vel endel år, men de -300ER fikk du jo ganske nylig levert så høres ut som en kombinasjon av både dårlig flåteplanlegging og utfordringene i landet

 

[Someone]

Kenya Airways faser ut B777, i B787's favør

Ser ut som problemene hos Kenya er ganske alvorlige. Deres 3 777-300ER er nå ute og til rekonfigurering før de settes i trafikk for Turkish.
Nå har de også inngått en avtale med Oman Air som leaser 3 787-8 i tre år og overtar en LHR slot

http://www.africanaerospace.aero/om...rs-and-heathrow-slots-from-kenya-airways.html

Oman Air has agreed a three-year wet leasing deal for two Kenya Airways Boeing 787-8s as part of an investment that gives the Muscat airline a second daily service to London Heathrow by using the Kenyan slots.

 

[LN-MOW]

Re: Kenya Airways faser ut B777, i B787's favør

En 777-200ER (5Y-KYZ) ble overtatt av Omni International Airlines for noen dager siden. En ex-kollega var med på dealen, og de tar muligens en til ..

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør

Nå ser det ut som de sliter med å betale for disse 787 maskinene, og de klarte ikke betale siste avdrag til US Export-Import Bank, som de skylder $525 millioner i flyfinansiering. Ser dog ut som den kenyanske staten står som garantist her

https://www.bloomberg.com/news/arti...-million-us-exim-loan?leadSource=uverify wall

Airline Default Pushes Kenya to Repay $525 Million US Exim Loan

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør

Nå er de også på jakt etter en "sugar daddy" for litt friske midler

https://www.ch-aviation.com/portal/...ways-seeks-cash-rich-foreign-airline-investor

Kenya’s National Treasury wants a cash-rich foreign airline to buy a controlling stake in Kenya Airways (KQ, Nairobi Jomo Kenyatta) as a solution to returning the national carrier to profitability, reports Nation Media.

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør

Pengene rant uti 2022 også

https://airlinegeeks.com/2023/03/27...22-plans-to-end-state-support-by-end-of-2023/

Kenya Airways (KQ) has released its full-year financial results for the year ending Dec. 31, 2022, reporting a massive loss of Ksh 68.2 billion ($633 million) at a virtual investor briefing.

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør - I økonomisk trøbbel

Myndighetene i Kenya forsøker nå finne ut av hvordan de best mulig kan restrukturere og redde selskapet, uten at det går alt for hard utover statsfinansene

https://www.ch-aviation.com/portal/...-devise-new-plan-for-debt-laden-kenya-airways

The Kenyan government will decide by the end of July 2023 on a new restructuring plan for Kenya Airways (KQ, Nairobi Jomo Kenyatta), which is dealing with a negative equity position of KES108 billion shillings (USD 759.6 million), according to the International Monetary Fund (IMF).

In its July 2023 status report on Kenya, the IMF discloses that a detailed business restructuring action plan for Kenya Airways prepared in May 2022 "has been put on hold to reassess the least-cost approach for the [national] budget". "It is the stated objective of the government that Kenya Airways (KQ) should be weaned off budgetary support by December 2023."

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør - I økonomisk trøbbel

Da skal det hentes inn penger.

https://www.ch-aviation.com/news/138732-kenya-airways-hunts-airline-partner-for-15bn-recapn

Kenya Airways (KQ, Nairobi Jomo Kenyatta) is talking to a range of airlines about a strategic equity partnership through which it hopes to raise between USD1 billion and USD1.5 billion to recapitalise the flag carrier, exit its negative equity position, repay loans, and facilitate growth, according to CEO Allan Kilavuka.

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør - I økonomisk trøbbel

Kjekt når staten fortsetter å nedbetele gjelden for dem.

https://www.ch-aviation.com/news/141392-nairobi-repays-135mn-of-kenya-airways-debt

The Kenyan government serviced guaranteed debt of KES17.4 billion shilling (USD135 million) on behalf of Kenya Airways (KQ, Nairobi Jomo Kenyatta) in the third quarter of the 2023/24 financial year ending March 2024, according to the National Treasury.

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør - I økonomisk trøbbel

Første (lille) halvårs overskudd på 10 år, dog det hjalp jo å bli kvitt litt gjeld.

https://airlinegeeks.com/2024/08/20/kenya-airways-posts-first-profit-in-over-a-decade/

On Monday, Kenya Airways announced its financial results for the first half of the year, revealing a profit after tax for the first time since 2013. The airline reported a profit of Kshs 513 million ($3.95 million) for the first half of the financial year ending June 30, 2024, marking a turnaround from the Kshs 21.7 billion loss reported in the previous period.

Flåten per august 2024:

737-300F: 2
737-800: 8
737-800F: 2
787-8: 9
E190: 13

Jambojet:
Q400: 8

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør - I økonomisk trøbbel

Dog er ikke problemene over, men det satser nå de kan bytte litt gjeld til egenkapital. Og dermed gjøre sistnevnte positiv igjen.

https://www.ch-aviation.com/news/144320-kenya-airways-seeks-debt-to-equity-swap-as-results-improve

Kenya Airways (KQ, Nairobi Jomo Kenyatta) aims to convert loans into shares to reduce its debt and increase equity, paving the way for a strategic investor to come on board by December or early next year, according to CEO Allan Kilavuka.

He told Kenya's Business Daily Africa that the airline is banking on its top shareholders to back the debt-to-equity swap - the second in under seven years - to address its negative equity position of KES123.6 billion shillings (USD960 million) due to high debts. "We have some large shareholders, and they might want to convert some of their debt to equity," he said.

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør - I økonomisk trøbbel

Og vipps, 150 MUSD i banklån, ble omgjort til kenyansk statsgjeld.

https://www.ch-aviation.com/news/145303-banks-to-convert-150mn-kenya-airways-loans-into-bonds

A consortium of commercial banks in Kenya is set to convert KES19.3 billion shillings (USD150 million) in loans to Kenya Airways (KQ, Nairobi Jomo Kenyatta) into Treasury bonds after the debt clearance deadline passed at the end of August. The new arrangement aims to ease the airline's debt burden and improve its financial standing as part of a broader strategy to attract a strategic investor, Kenya's Business Daily newspaper reported.

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør - I økonomisk trøbbel

Første halvårsresultat i pluss på bunnlinja, på 10 år. Dog hjelper det jo å få gjeld strøket.

https://thekenyatimes.com/business/kenya-airways-profit-rises-124-to-ksh5-4-billion/

This is the first time Kenya Airways has posted a profit over a decade.

 

[Someone]

Re: Kenya Airways faser ut B777, i B787's favør - I økonomisk trøbbel

Da blir det samarbeid med Qatar Airways

https://airlinegeeks.com/2025/07/02/qatar-airways-signs-agreement-with-kenya-airways/

Qatar Airways has inked a memorandum of understanding with Kenya’s national airline, Kenya Airways.

Under the agreement, Qatar Airways is set to introduce a third daily service between Doha and Nairobi. This will be through a codeshare flight operated with Kenya Airways. The service will be complemented by the launch of Kenya Airways-operated and Qatar Airways-marketed flights between Mombasa and Doha during the winter season.

Both airlines will also codeshare across their networks to offer connections and greater choice for travelers. In addition, the airlines will collaborate in other areas, including cargo, airport and ground services, product development, loyalty programs, and procurement, as well as maintenance, repair, and overhaul (MRO).