|A KQ aircraft.The youngest fleet in Africa|
Kenya Airways’ will soon raise US$262 million through a rights issue floated in the three securities in
East Africa by the end of
this first half of this year. The Kenyan national carrier is cross-listed in
the three exchanges.
The issue, the largest in
East Africa is meant to support
the airline’s 10- year expansion plan. The plan incorporates both fleet and
destination expansion. The airline plans to raise its fleet to 107 aircraft by
2020 from the current 37 aircraft<its plans to acquire twelve cargo freighters by 2022.
The airline has already ordered Nine Boeing 787 Dreamliner to be delivered in the next three years or so. It has the youngest fleet in
with many of its aircraft being less than 5 years old.
Kenya Airways or KQ as it is popularly known. It flies to 56 destinations world wide. 41 of these are in
Africa. It plans to increase its destinations to 115 destinations from the current 56.
The rights issue is expected to boost the number of shares at the
Uganda and the bourses. Dar es Salaam
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