News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
|
Followers
|
2
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
2
|
|
Created
|
02/28/11
|
Type
|
Free
|
| Moderators | |||
Kenya Airways in partnership with KLM is regarded as the flagship airline of africa. Listed on the Nairobi stock exchange.
Link to KQ chart and pricing: http://www.firstglobalselect.com/scripts/cgiip.wsc/globalone/htm/quote_and_news.r?pisharetype-id=6805
In the fiscal year 1993 to 1994, the airline produced its first profit since the start of commercialization. Also, in 1994, the International Finance Corporation (IFC), was appointed to provide assistance in the privatization process. In 1995, Kenya Airways restructured its debts and a made a master corporation agreement with KLM that bought 26% of the shares in Kenya Airways and became the largest single shareholder. In 1996, shares were floated to the public, and the airline started trading on the Nairobi Stock Exchange. In October 2004, the company cross-listed its shares at the Dar-es-Salaam Stock Exchange. In April 2004, the company re-introduced Kenya Airways Cargo as a brand and in July 2004, the company's domestic subsidiary Flamingo Airlines was re-absorbed.
In 2005, Kenya Airways changed its livery. The four stripes running the length of the fuselage were replaced by the slogan "Pride of Africa". The "KA" tail logo was replaced by a styled "K" encircled with a "Q" to evoke the "KQ" call letters for the airline. In 6 months ending on 30 September 2005, profits after tax rose 48% vs. 2004-5 to Kshs 2.231 billion (US$30 million) and over 1.2 million passengers were carried.
In the full-year results ending 31 March 2005, profits after tax almost tripled over 2003-4 to Kshs 3.882 Billion (US$50 million) and over 2 million passengers were carried.
Kenya Airways announced record profit growth for 2005-06. After-tax profits increased from 3.88 billion Kenya shillings (about US$54 million) to 4.83 billion shillingsIn March 2006, Kenya Airways won the "African Airline of the Year" award for 2005, for the fifth time in seven years.
Passenger numbers in the year 2006 (April 2006 – March 2007) was a record high of 2.6 million.
On September 4, 2007, SkyTeam, the second-largest airline alliance in the world, welcomed Kenya Airways as one of the first official SkyTeam Associate Airlines
The airline is owned by individual Kenyan shareholders (30.94%), KLM (26% the Kenyan government (23%), Kenyan institutional investors (14.2%), foreign institutional investors (4.47%) and individual foreign investors (1.39%). It has 2,408 employees (at March 2007).
