Earn Buzz Rewards points on select Bookings.
It's FREE - SIGN UP Now!
Why Book With Fare Buzz?
With over 80 negotiated Airline contracts we offer you the cheapest fares.
We have been in business since 1994 and are proud members of BBB with an excellent rating.
Our Business Travel Consultants work out the best fares for the most complicated itineraries.
Our Agents are available 7 Days a Week.
Client Testimonials

I just spoke with Ashton regarding booking to Orlando, Fl. and he was by far the most helpful, pleasant, and delightful representative that I have ever dealt with. I am so grateful that I made the call ...Read More
-Clare

Share with friends  

Kenya Airways will raise capital for expansion

To meet its expansion expenses Kenya Airways will soon be revising its capital. The airline did not mention the details of the revised capital but clearly showed its intensions to raise capital to meet the finances for the future growth and expansion plans.

According to few analysts the airline has been under the pressure to raise the capital for a higher wage bill and fuel.

According to the rising oil price investors and traders the airline shares have been hit by KES 40.25, which is a 13-month low.

Although no details have been mentioned on how to meet the targets the airline did mentioned that CFC Stanbic Bank will act as its financial advisor. The airline also revealed last November that rose to KES 41.21 billion shillings from KES 33.5 Billion last year, thus resulting into the pretax profit of KES 2.05 billion shillings.

Some analysts believe that the aggressive expansion of the airline over the new African routes could surprise some investors.

Samuel Gichohi, a senior analyst at NIC Securities, said, "The airline industry is a cost-intensive industry and expansion means that KQ's (Kenya Airways) capital reserves are under pressure as they will need more planes, an increased wage bill and fuel costs."

** Fares are round trip, Fares incl. all fuel surcharges, our service fees and taxes. Tickets are non refundable, non transferable, non-assignable. Name changes are not permitted. Fares are subject to change without notice. Fares subject to availability. There is a higher probability of seats being available at this fare on Tuesday, Wednesday & Thursday. Certain Blackout dates may apply. Holidays & Weekend travel may have a surcharge.Other restrictions may apply.