KQ To Acquire 15 New Plans To Boost Revenue

Kenya Airways (KQ) has announced plans to boost fleet capacity from the current 42 to 55 aircraft in the next 5 years.

KQ CEO and Group MD Allan Kilavuka said that the acquisition will boost efficiency, resulting in revenue growth.

“We plan to increase the number of our aircraft to 55 fleets in the next 5 years from the current fleet that we have of 42 aircraft,” revealed Kilavuka.

In April 2024, for example, the airline received its second freighter, a Boeing 737-800 Freighter, pushing up the total cargo fleet to four, offering customers and partners more cargo capacity on its global network, especially the Middle East, Asia, and Africa.

The cargo freighters are also seen as a away to capture opportunities emerging from the African Continental Free Trade Area (AfCFTA) to catalyse trade within the continent and out of Africa.

“We have made a commitment to gradually increase our cargo business and support our customers in their long-term needs and deliver possibilities in the air. The arrival of the new B738 Freighter, the second one this year, and the fourth in our cargo fleet, is a significant milestone in KQ Cargo’s fleet expansion plans,” stated Kilavuka.

KQ also hinted plans to grow destinations from the current 48 to over 60 in the next 5 years.

This comes after KQ recently bounced back to profitability after posting a net profit of Sh513 million in the first half of 2024.