Corporate News
KQ turns to Boeing rival as manufacturer fails to deliver on time
Kenya Airways managing director, Mr Titus Naikuni. /Fredrick Onyango
Posted Monday, September 28 2009 at 00:00
But the positive growth of the Africa route, especially West Africa which grew by 15.7 per cent, presents a prospective growth route for the carrier.
Kenya Airways intends to ride on the back of the government plans to enter into Bilateral Air Services Agreements (BASAs) with other African government which will provide landing rights hence business opportunity.
During the AGM, the shareholders approved the payment of the proposed Sh1 dividend per share which will be paid on October 31. In addition, the shareholders approved the proposal to have the annual results published in the media and sent to shareholders through electronic means.
This drive, which is gaining acceptance across the local corporate scene, is seen as a way of cutting down on the cost associated with printing voluminous and glossy financial statements.
Kenya Airways joins Safaricom and Access Kenya in tapping the electronic media as a means of communication with its verse number of shareholders which stands at 80,000.




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