Kenya Airways has requested companies it had borrowed aircraft to allow their return earlier than planned. KQ managing director Allan Kilavuka says this move is meant to cut costs on rental charges as well as reduce losses.
In addition to this, Allan states the airline has decided to reach out to the companies since it is registering low returns at the end of cargo operations as well as low numbers of travelers. He continues to plea that if possible, the renting companies can only charge KQ when the planes are flying.
He continues to say that it has been difficult to raise the figure of 7 to 10 percent of its total operation in a bid to finance the cargo operations. “We are also in talks to be allowed to convert some of the aircraft into cargo carriers especially the Dreamliners and other wide body planes. The cabinet conversion will involve temporarily removal of seats. But it has to be approved by the lessors,” Mr Kilavuka said.
This situation is following a significant lack of revenue in the firm since COVID 19 stopped their operations.