Kenya Airways is the flagship airline of Kenya, based in Nairobi. It began operating on February 4, 1977, and makes regular flights in Africa, Europe and the Indian subcontinent, with its main base of operations in Nairobi’s Jomo Kenyatta International Airport. And the Moi International Airport in Mombasa serves as secondary airport.
The airline was founded in February 1977, after the crisis in the community of east Africa that led to the bankruptcy of East African Airways and was owned by the Kenyan government until April 1996.
In 1986, the session meeting number 1 was published by the Government of Kenya, emphasizing the needs of the country to develop economically and grow. The document transmitting the opinion of the government that it would be best for the airline to have private investors, thus reaching the first attempt to privatize the airline. The government appointed Philip Ndegwa as director in 1991, with specific orders to privatize the company. He reformed the whole directive. In 1992, the role of reform of the public entity was published, giving priority to this airline over other national airlines in Kenya to be privatized.
In fiscal year 1993 to 1994, the airline produced its first profit since its foundation. Also, in 1994, the International Finance Corporation (IFC), was hired to provide assistance in the process of privatization. In 1995, the airline restructured its debts and reached an agreement with KLM that acquired 26% of the shares of the airline thus becoming its principal shareholder. In 1996, the shares were offered to retailers, and the airline has begun trading on the stock market in Nairobi. In October 2004, the airline became a publicly traded company on the stock market in Dar-es-Salaam. In April 2004, the airline was reintroduced to the airline’s Cargo as a brand and in July 2004, the domestic subsidiary Flamingo Airlines was reabsorbed.
In 2005, the airline changed its livery. The four bands that roamed the fuselage were changed by the slogan “The Pride of Africa”. The logo was restored with a stylized “K” circumscribed in a “Q” to evoke the letters of the name of the airline.
The airline announced a record profit in the period 2005-06. The benefits as taxes increased from 3,880 million of monetary units in Kenya (about $54 million) to 4,830 billion.
In March of 2006, it won the prize of ‘African Airline of the Year’ in 2005, for the fifth time in seven years.
The fiscal year 2006 (April 2006 – March 2007) reached a record of 2.6 million.
On September 4, 2007, Kenya Airways was welcomed to SkyTeam the second largest airline alliance of the world, as one of its first official partner airlines of SkyTeam.
The airline is owned by minority shareholders kenyans (30.94 %), KLM (now Air France-KLM) (26 %), the government of Kenya (23 %), investors of Kenya (14.2 %), investors Foreigners (4.47 %) and foreign minority investors (1.39 %).8 has 2,408 employees (at March 2007). The airline also owns 49% of Precision Air in Tanzania.