Kenya Airways to increase Boeing fleet ahead of US venture
Kenya Airways intends to increase its Boeing 787 fleet in order to enjoy the economies of scale as it eyes the US route. KQ management announced that it was opting for fuel hedging as part of its turnaround measures. The airliner also plans to withdraw from two routes -- Hong Kong and Hanoi in Vietnam -- from Oct 29, allowing it to deploy the aircraft to the US and African routes. CE Sebastian Mikosz said the airline was going back to fuel hedging having formed a committee. The airline has been exiting fuel hedging which was a key source of its losses in the recent past following a sharp drop of global oil prices beginning mid-2014. As at the end of March this year KQ did not have fuel hedging contracts in place. Mikosz was brought on board to turn around the ailing airline which reported a loss of US$101.2bm as at the end of March. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-04/sky/kenya-airways-to-increase-boeing-fleet-ahead-of-us-venture
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Kenya Airways to increase Boeing fleet ahead of US venture
Kenya Airways intends to increase its Boeing 787 fleet in order to enjoy the economies of scale as it eyes the US route. KQ management announced that it was opting for fuel hedging as part of its turnaround measures. The airliner also plans to withdraw from two routes -- Hong Kong and Hanoi in Vietnam -- from Oct 29, allowing it to deploy the aircraft to the US and African routes. CE Sebastian Mikosz said the airline was going back to fuel hedging having formed a committee. The airline has been exiting fuel hedging which was a key source of its losses in the recent past following a sharp drop of global oil prices beginning mid-2014. As at the end of March this year KQ did not have fuel hedging contracts in place. Mikosz was brought on board to turn around the ailing airline which reported a loss of US$101.2bm as at the end of March. <br/>
