Kenya Airways (KQ) is set to ink a deal with 12 lessors to change the lease terms on its aircraft fleet to hourly rates from fixed charges as part of a cost-cutting measure aimed at seeing the airline return to profitability.
Kenya Airways chief finance officer Hellen Mathuka said the carrier, which had opened negotiations with lessors in April is in the final stage of negotiations with all new aircraft owners to only pay when they fly leased aircraft.
