From Standard Media

After swinging into Sh10.83 billion pretax loss in the year ended March, National Carrier Kenya Airways now identifies areas to bring it back on track.

The airline on Wednesday announced that it has re-negotiated maintenance contract with suppliers of the airline’s component’s in a strategy that will lead to savings of upto Sh5 billion in the next five years.

For the next five year contract period, the airline will save over Sh754.6 million (US$8.8 million) annually under its aircraft maintenance Component Support Programme ( CSP).

In addition to this, Kenya Airways’ strategic expansion programme, Project Mawingu, which aims at growing its network of destinations, besides expanding the fleet from the current 42 to 107 new modern aircrafts, will lead to a significant cut in costs, contributing to the savings.

Read more at standardmedia.co.ke