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Silverstone puts losses at Sh70m a week

Silverstone Air Services Accountable Manager Sheila Muturi (centre) accompanied by Mr Victor Gathiru and the company’s chief financial officer Roanld Musundi (right) at a media briefing in Nairobi on October 30, 2019. FILE PHOTO | NMG

By  Bonface Otieno

Nation Media Group

Business Reporter

Embattled low-cost carrier Silverstone Air says it has lost Sh70 million since the Kenya Civil Aviation Authority (KCAA) suspended its fleet of Dash 8 aeroplanes over safety concerns, a decision which the aviation regulator has so far rescinded.

The airline, in a response to Business Daily queries, said the losses are as a result of the charges incurred in refunding air tickets that customers had booked in advance.

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