Pay-for-use leasing deal saves KQ Sh4.7 billion

Kenya Airways #ticker:KQ saved $45 million (Sh4.7 billion) in fees after it changed the lease terms on its aircraft fleet, opting for hourly rates in place of fixed costs.

Kenya Airways Chief Executive Allan Kilavuka said the airline reached a deal with the lessors in 2021 to only pay when they fly leased aircraft.