Firms leasing out private jets in Kenya have increased their prices in the last three months on the back of the high cost of jet fuel and the introduction of 14 percent in value-added tax (VAT) for hiring choppers by the National Treasury.
The cost of jet fuel has hit a high of Sh136 a litre at the moment from Sh100 in January, forcing private firms hiring out choppers to increase their leasing costs even as demand for air travel starts picking up in Kenya after a sluggish start in January.
