Kenya Airways revives fleet expansion "Project Mawingu"

Kenya Airways revives fleet expansion "Project Mawingu"

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Peter Gitimu

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Kenya Airways eyes 15-20 CSeries or Embraer E2 Jet for short-haul order

Jun. 04, 2018, 9:00 am

By REUTERS

"Kenya Airways is interested in the Bombardier CSeries or Embraer’s E2 jet for a short-haul order of 15-20 aircraft."

Kenya Airways is interested in the Bombardier CSeries or Embraer’s E2 jet for a short-haul order of 15-20 aircraft, with a decision possibly coming at the end of this year, its chief executive told Reuters on Monday.

"The performance of the CSeries has to be studied," Sebastian Mikosz said on the sidelines of the annual IATA airlines meeting in Sydney, adding he had been inspired by Air Baltic’s order of up to 60 CS300 jets.

Mikosz said that one of the issues was the availability in Africa of maintenance for the CSeries, but that with EgyptAir having placed an order and Ethiopian Airlines studying the jet, that could change the case.

"I don’t care if they are able to fly to London. My question is do I have maintenance in Bangui, Juba, Abidjan? But the more African carriers are looking at it, it means the maintenance base will be growing."

Bombardier is expected to close within days a deal to sell control of the CSeries programme to Europe’s Airbus
 
Brian Sumers
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Tags: african aviation , airline innovation,
airlines, kenya airways
Photo Credit: Kenya Airways, in the midst of a turnaround effort, may add as many as 10 Boeing 737 Max aircraft. Pictured is a Boeing 777 operated by the carrier. Bloomberg Kenya Airways Plc revived long-shelved plans to expand its network by proposing to buy as many as 10 Boeing Co. 737 Max aircraft as part of a five-year strategy.
The move follows three consecutive years of losses caused by a poorly executed expansion strategy and fuel-hedging contracts that saw it miss out on rock-bottom oil prices. The losses forced the company into austerity measures that included job cuts, a 15 percent fleet reduction and the abandonment of an expensive but valuable landing slot at London’s Heathrow airport.
“We’ve put out a proposal for 10 planes at the moment,” Chief Operations Officer Jan de Vegt said in an interview in the capital, Nairobi, on Wednesday. “We will then have to take two to three years at least to introduce them. You have to train pilots.”
FLY FARTHER
Part-owned by Air France-KLM, Africa’s third-biggest carrier has 40 aircraft, with which it services mainly routes on the continent. That includes two Boeing 787 Dreamliners and three Boeing 777-300 aircraft that are sub-leased to Oman Air Transport and Turkish Airlines respectively. KQ, as Kenya Airways is known, intends to take them back between September this year and December 2019.
The current fleet is insufficient for new routes the carrier plans to take up, De Vegt said. KQ will begin direct flights to the U.S. on Oct. 28.
“The Max, for instance, could take us to Rome, which our present 737s can’t,” he said. The jet has new engines, better aerodynamics and uses less fuel, “and if you use less fuel you can put more on board and you can fly farther.”
In 2018, KQ plans to retire its Boeing 737-300 aircraft after more than two decades in operation and its final Boeing 777-200ER, according to the company’s annual report. It cut its full-year losses to 10.2 billion shillings ($101 million) in 2017, from a record 26.2 billion shillings a year earlier, and plans to reinstate fixed-price fuel contracts in the third quarter that it abandoned in 2016.

https://skift.com/2018/06/28/kenya-...-aircraft-as-its-turnaround-effort-continues/
 
The heading should read

THE LOSS MAKING KENYA AIRWAYS REVIVES FLEET EXPANSION 'PROJECT MAWINGU'
 
Geza Ulole said:
Isn't KQ minting loss?
Click to expand...

Even your ATCL is making losses despite operating like 2 aircraft.
If by some miracle you were able to scale up its operation to 20 planes, it would literally and effectively bankrupt Tanzania.

Meanwhile, KQ is back to operating profit and it's looking up.
 
kennedy0000 said:
Even your ATCL is making losses despite operating like 2 aircraft.
If by some miracle you were able to scale up its operation to 20 planes, it would literally and effectively bankrupt Tanzania.

Meanwhile, KQ is back to operating profit and it's looking up.
Click to expand...
aa wapi! our books are clean no debt no loss! KQ has over $2 bln debt plus over $200 mln loss plus Jambojet loss!
 
Geza Ulole said:
aa wapi! our books are clean no debt no loss! KQ has over $2 bln debt plus over $200 mln loss plus Jambojet loss!
Click to expand...

Everyone knows ATCL made a loss last year and all the years it has been in existence. But the fact that its financial reports are not readily available shows how shadily it is ran.
KQ made an operating profit last year. After servicing debts that's when it translated to a loss. And most of KQ debts were converted to equity, so sijui hii maneno ya $2 billion umeskia wapi.

The losses have come down drastically. But because of your hatred for Kenya, you're still stuck to the $200million loss it made 3 years ago.
In 3 years or less KQ will profitable.
 
kennedy0000 said:
Everyone knows ATCL made a loss last year and all the years it has been in existence. But the fact that its financial reports are not readily available shows how shadily it is ran.
KQ made an operating profit last year. After servicing debts that's when it translated to a loss. And most of KQ debts were converted to equity, so sijui hii maneno ya $2 billion umeskia wapi.

The losses have come down drastically. But because of your hatred for Kenya, you're still stuck to the $200million loss it made 3 years ago.
In 3 years or less KQ will profitable.
Click to expand...
evidence? nowhere shows a loss in 2017!

Tanzania: Air Tanzania Bullish On 2017 Growth Prospects Despite Challenges
 
asvptx said:
Mkifika wakati mta operate a fleet of >45 aircrafts (plus hizi zinazoongezwa)

Ndio ulinganishe KQ na your birds
Click to expand...
you basically don't have an airline u brag off as having a tag bill of over $2 blns to be paid off and so far already defaulted! check the total KQ assets to prove urself! plus an over $200 mln loss for each year in the past 10 years!
 
Unaongea chuki tu kuhusu KQ..

Kuna Shirika la ovyo Tanzania kama ATCL??

Kwanini kwenye CAG report iliyo pelekwa Bungeni kwenye ukaguzi wa 2017/18, CAG HAJAKAGUA MAHESABU ya ATCL??

Wabunge wamepiga kelele kuhusu hesabu za ATCL lakini NOTHING..

CAG kazuiwa na JPM kuigusa ATCL kwenye mahesabu yake sababu it's a LOSS..LOSS..HASARA KUBWA ambayo ingeweza kuitia aibu serikali yote.

HONGERA nyingi kwa serikali ya Kenya on your Transparency when it comes on tax payers money..

ATCL ni Bomu.
 
The first of the E190 - E2 is here. Not much fanfare though.
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