Kenya Airways Seeks $500 Million Capital Injection to Expand Fleet
Kenya Airways Seeks $500 Million Capital Injection to Expand Fleet
The announcement follows the airline's report of a pretax loss of 12.17 billion shillings ($94.34 million) in the first half of 2025, a reversal from the 634 million shillings ($4.91 million) profit recorded in the same period last year.
The airline attributed the recent loss primarily to a drop in revenue and passenger numbers, caused by three Boeing 787-8 Dreamliners being out of service for maintenance. One aircraft has since resumed operations, with a full fleet expected by next year.
Kenya Airways posted its first profit in over a decade in the first half of 2024. The company went into insolvency in 2018 and has since relied on state financial support, including a $150 million (19.35 billion shillings) loan repayment by the government in January.
The airline recorded a full-year pretax profit of 5.53 billion shillings ($42.87 million) in 2024, largely driven by foreign-exchange gains of 10.55 billion shillings ($81.78 million) as the local currency strengthened.
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