Kenyatta International Airport gets facelift

Nairobi- Kenya (PANA) -- Kenya Airways says it is spending some 200 million Kenya shillings (about 2.
6 million US dollars) on the expansion and transformation of the Jomo Kenyatta International Airport (JKIA), in a bid to make the country's gateway into a regional hub.
The airline's acting managing director, Brian Presbury said Saturday the ongoing project was part of his company's commitment to make the airport a major regional hub by 2005.
"This investment is an indication of our commitment toward pushing for the creation of a regional hub because we strongly believe that our drive toward becoming a world-class network airline by 2005 will not be possible without a hub," Presbury said in a statement.
The strategy to turn JKIA into a regional hub was devised soon after Kenya Airways signed a partnership agreement with Royal Dutch Airlines (KLM) in 1996.
Last week, the airline announced that it would soon begin to take delivery of three new Boeing 767-300-ER aircraft in a fleet renewal programme to operate on its long-haul destinations.
Through the partnership with KLM, he added, the airline had also entered into a code-share arrangement under which flight schedules of both airlines are synchronised to feed into each other's services.
Kenya Airways is currently regarded as one of Africa's best performing air carriers with all of its critical economic indicators pointing upwards.
According to the company's 1999-2000 annual report, the number of passengers carried between March 1999 and March 2000 increased by 26 percent from 1,047,440 to 1,323,400 while turnover rose by 39 percent from 12,834 million shillings to 17,840 shillings during the period.
The company's capitalisation rose by 11 percent from 5.
516 million shillings to 7.
264 million shillings while operating profits during the year went up by 77 percent from 949 million shillings to 1,683 million shillings.
Kenya Airways is listed on the Nairobi Stock Exchange.

20 may 2001 10:49:00




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