Kenya Airways sees profit from proposed airport deal by 2022

Kenya Airways said it will be profitable within four years if the government approves its proposal to replace the airports authority as operator of the East African nation’s aviation hub. Sub-Saharan Africa’s third-biggest carrier by passenger traffic will see net income as revenue surges to $2b in 2022, according to an emailed statement by the carrier. That compares with revenue of 110.8b shillings ($1.1b) and a record loss of 26.2b shillings in the 12 months through March 2016. Company officials were in Kenya’s parliament Tuesday to discuss their proposal to create a unit to operate Jomo Kenyatta International Airport in Nairobi under a three-decade concession. Kenya Airports Authority, the current operator, will receive annual fees under the deal. The airports agency will separately appear before lawmakers Wednesday to explain how the proposed joint venture would affect it.<br/>