Kenya Airways to Shed 600 Jobs
Kenya Airways is to shed 600 jobs as part of its 'Operation Pride' restructuring process after its USD251 million loss for the full-year period ending March 31, 2015.
It is also planning to reduce its fleet size by 16 aircraft and has already sold its landing slots at LHR to Oman Air and will lease slots from partner AF/KLM.
On a local level it is now facing a lot of competition on the DAR - NBO route from Fastjet (which also has considerable financial problems) and it will be interesting to see if both carriers are still operating this route this time next year with other local competition having helped to lower fares.