Kenya Airways to earn billions in sale of 7 aircraft

Kenya Airways chairman Michael Joseph. FILE PHOTO | NMG

Kenya Airways #ticker:KQ is selling seven planes and an engine in a multi-billion shilling deal that marks the carrier’s latest efforts to reduce its fleet in a bid to shore up its financial position.

The loss-making carrier has hired UK-based Air Partner to guide it in the planned sale of the six Boeing 787-8 Dreamliner planes, one Boeing B777-300 and a spare GE engine at a time when a shortage of pilots is forcing the airline to cancel flights and trim routes.

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