Business Daily | by Otiato Guguyu
Kenya Airways saved $45 million (Sh4.7 billion) in fees after it changed the lease terms on its aircraft fleet, opting for hourly rates in place of fixed costs.
Kenya Airways Chief Executive Allan Kilavuka said the airline reached a deal with the lessors in 2021 to only pay when they fly leased aircraft.
The deal saved the airline billions switching from paying for idle aircraft during the year affected by the Covid-19 pandemic to only making payments when leased planes were flying…
