(Ecofin Agency) - Kenya Airways officials announced that the company was planning to add 20 new destinations in Africa, Europe, and Asia to its flight schedule during the next 5 years, Bloomberg reported yesterday March 21.
“We will seek board approval for the new-route plan in April, […] we are looking at, at least one European route and one Asian route on top of the African network,” the CEOSébastian Mikosz, said.
The network expansion should help Kenya Airways increase its turnover and grow its profit after a KSh26.22 billion loss (about $270 million) recorded during the 2015-16 fiscal year. In addition, the company reported a KSh6.1 billion loss (about $60.3 million) during the first 9 months of the current fiscal year (2017-18) which ends on March 31.
Kenya Airways is considering partnerships and joint ventures with other airlines like South African Airways. “We are considering collaborating on aircraft repairs and route joint ventures with the state-owned South African carrier,” executive board’s chairman Michael Joseph indicated, specifying: “We fly to similar destinations in Africa. They (ed: South African Airways) fly to Uganda, we fly to Uganda, among other routes, so there’s a possibility we could probably share those routes.”
Furthermore, the company plans to get back two Boeing Dreamliners and three Boeing 777-300 that were respectively leased to Oman Air and Turkish Airlines. One of these aircraft will be used for the Nairobi-New York line launched last October.