Kenya Airways looks upmarket for financial salvation
When Sebastian Mikosz took over as CE of loss-making Kenya Airways last June, he immediately shut its outlet in Nairobi's downmarket Accra Road. The move marked the beginning of an aggressive hunt for cost savings and premium passengers, after years of losses following a slump in tourism and large debts incurred to buy new aircraft. Mikosz, who helped turn around LOT Polish Airlines as its CE, needs to stem those losses before it can begin to pay down US$2b of debt restructured in November to stave off the airline's collapse. He says he plans to roll out a new economy plus class by the end of the year designed for business and wealthy leisure travellers, including growing numbers of American tourists and executives from dozens of Nairobi-based US firms. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-03-07/sky/kenya-airways-looks-upmarket-for-financial-salvation
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Kenya Airways looks upmarket for financial salvation
When Sebastian Mikosz took over as CE of loss-making Kenya Airways last June, he immediately shut its outlet in Nairobi's downmarket Accra Road. The move marked the beginning of an aggressive hunt for cost savings and premium passengers, after years of losses following a slump in tourism and large debts incurred to buy new aircraft. Mikosz, who helped turn around LOT Polish Airlines as its CE, needs to stem those losses before it can begin to pay down US$2b of debt restructured in November to stave off the airline's collapse. He says he plans to roll out a new economy plus class by the end of the year designed for business and wealthy leisure travellers, including growing numbers of American tourists and executives from dozens of Nairobi-based US firms. <br/>
