Kenya Airways is reportedly looking at trimming its fleet of 787- Dreamliners by four aircraft and fleet of E190s by five aircraft.
Nairobi-based Kenya Airways is eyeing cutting its fleet from 36 planes to 27. The as yet un-confirmed move is part of a broader turnaround strategy that aims to cut costs and rejuvenate the airline. Kenyan media reports that Kenya Airways’ Boeing 787-8 and Embraer E190-100ARs fleets are set to shrink.
Kenya Airways Dreamliner & Embraer fleets set to shrink
Embattled Kenya Airways enlisted the London-based Steer Group to put together a turnaround plan last year. Kenya Airways posted a US$333 million loss in 2020 (2021 numbers are yet to be released), but its financial woes predate COVID-19. The airline has been insolvent for 10 years.
“Kenya Airways has come up with short, medium, and long-term strategies to help in realizing two main objectives. The first is to survive the current depressed market, and the second is to implement strategies that will make the business more sustainable in the long term,” said Kenya Airways CEO Allan Kilavuka last May.
According to Kenya’s Star newspaper, the Steer Group has finished its turnaround plan and during a meeting between the consultancy and airline executives, the prospect of trimming Kenya Airways’ fleet was raised. Notably, if planes go, so will jobs – further reducing costs at the airline.
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