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Article: KENYA: KENYA AIRWAYS TARGETS GULF MARKET.(service expansion)(Brief Article)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- August 10, 2000
CopyrightCOPYRIGHT 2000 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Kenya Airways aims to augment profits by 10 to 20 percent in its Gulf operations this year, reports Gulf News. The air carrier plans to introduce larger aircraft to Dubai and to code share with other airlines to cover a larger market in the Middle East. Kenya Airways expects the profit growth to originate from an increase in passenger traffic, including cargo (which accounted for 40 percent of their revenues from the Gulf last year). In 1999, the air carrier's profits hit $40 million. It hopes to realize a profit growth of between 30 to 40 percent this year. Kenya Airways is investing $750 million over the next four years to purchase larger aircraft, some of which will be ...
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