07-Mar-2011 4:00 PM
Kenya Airways to launch cargo business
Analysis
Kenya Airways confirmed that it plans to acquire a dedicated freighter aircraft, to be put into service by next financial year. Group Managing Director and CEO Titus Naikuni announced that the carrier plans to operate cargo operations across Africa.
Summary
- Kenya Airways plans to acquire a dedicated freighter aircraft for cargo operations across Africa.
- The carrier reported an 8.9% increase in passenger volume in the fourth quarter of 2010.
- Kenya Airways operates to 46 scheduled destinations across Africa, Europe, the Indian subcontinent, and Asia.
- Shares in Kenya Airways experienced a slight decline of 0.6%.
- 1Time Holdings, owner of South African low-cost carrier 1Time, saw a 5.6% increase in its shares.
- The article includes selected daily share price movements for Middle East, Africa, and Asia airlines.
Kenya Airways reported an 8.9% rise in passenger volume in the 4Q2010. The carrier operates to 46 scheduled destinations throughout Africa, Europe, the Indian subcontinent and Asia.
Shares in Kenya Airways eased 0.6% on Friday. 1Time Holdings, owner of South African LCC 1Time, rose 5.6%.
Selected MEAAD daily share price movements (% change): 04-Mar-2011