Kenya Airways (KQ) is considering setting up a fuel procurement company as part of extensive measures aimed at stemming mounting losses incurred over the past two years. The Kenyan national carrier recently announced a USD92million loss for its 2012/13 Financial Year which it blamed on "harsh economic and geopolitical conditions" coupled with a global economic slowdown and volatile global oil prices.
Monday, June 24, 2013
Wednesday, August 29, 2012
► SOUTH AFRICA: SAA looking at Ghana for a potential West Africa hub as biting economic times push Mango to go regional.
In a Q&A session before the South African Parliamentary Portfolio Committee on Public Enterprises on Tuesday 28 August 2012, South African Airways (SA) CEO Siza Mzimela gave an overview of SAA's current financial state and outlook in addition to future route developments, critical to the carrier's long term viability.