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KQ plane sales and leases to earn carrier Sh11bn

A Kenya Airways plane at the Jomo Kenyatta International Airport in Nairobi. PHOTO | FILE

The sale and leasing out of some of Kenya Airways’ aircraft stand to earn the national carrier about Sh11 billion, investment bankers at Citi have revealed.

The analysts have, in a note to investors, indicated that KQ will earn the amount from the sub-leasing of five planes (to Oman Air and Turkish Airlines) and the sale of two Boeing 777-200 aircraft in the financial year to March.

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Note: The results are not exact but very close to the actual.

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