Kenya Airways targets cost cuts

Kenya Airways finance director Alex Mbugua has stated that he airline will save $100 million (Sh9 billion) in the next financial year due to lower maintenance costs thanks to the airline’s fleet replacement programme. “The new fleet is expected to save 20 per cent in fuel efficiency and maintenance costs. The airline will save $100 million or Sh9 billion every year going forward and we expect benefits to start coming in from 2015-2016 financial year,” said Mbugua. The airline is also seeking to make savings elsewhere following the announcement of a Sh10 billion net half year loss on November 13.