Flag carrier Kenya Airways (NSE:KQ) has set out a new strategic plan aimed at stabilising its finances and supporting long-term recovery, Citizen Digital reported.
Chairman Kiprono Kittony said in Mombasa on May 28 that the airline would prioritise short-term emergency funding to meet immediate operational needs, while also tapping the stock market as a Public Limited Company to attract new investment.
“There is a plan and you’re going to see a stronger and more robust airline. We are planning to bid for becoming a national airline for another country,” he said, as quoted by Citizen Digital.
He added that the strategy is aligned with Kenya’s broader economic agenda focused on boosting exports and tourism through improved aviation capacity, dismissing concerns over the carrier’s viability and pointing to ongoing airport expansion as a key support factor.
Acting Chief Executive Officer George Kamal said the airline is working to rebuild customer trust and reinforce its financial footing.
“Kenya Airways is more than an airline, it is a strategic national instrument. Nairobi serves as the main investment entry in the nation,” Kamal noted, according to Citizen Digital.
As IntelliNews reported, the airline has undergone repeated leadership changes and financial turbulence over the past two decades, including a board-approved overhaul that saw Chief Executive Officer Allan Kilavuka exit after six years.
It returned to profitability in 2024, posting a pretax profit of KES 5.4bn ($41.70mn) compared with a loss of KES 22.6bn ($174.52mn) a year earlier, supported by foreign-exchange gains and a stronger shilling after years of debt, restructuring and pandemic-related losses.
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