KQ now extends aircraft lease on lower rental fee

The Jomo Kenyatta International Airport. FILE PHOTO | NMG

Kenya Airways #ticker:KQ has extended the lease of three aircraft to Turkish Airlines for an additional three years, a move that will likely deepen sub-leasing losses on the planes that were bought new in 2013.

The airline’s chief executive officer Sebastian Mikosz told Business Daily that the lease extension for the three Boeing 777-300 aircraft was agreed on in November 2018.

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