NAIROBI — Kenya Airways is actively pursuing a strategic investor to inject fresh capital into the airline as it targets a major fleet expansion and operational stability by 2030. The move comes as the national carrier faces continued pressure from grounded aircraft, rising costs, and limited financing options.
Speaking during a media roundtable in Nairobi, KQ Chief Executive Officer Allan Kilavuka confirmed the airline is looking to finalize a deal before the end of the year. The investment, he said, is critical to expanding the airline’s fleet to more than 60 aircraft over the next five years.
“We are looking for a strategic investor to support our growth. Additional capital will help us strengthen operations and address current capacity gaps,” Kilavuka said.
Three of the airline’s nine Boeing 787 Dreamliners remain grounded due to delays in engine maintenance. Kilavuka attributed the delays to a backlog at the manufacturer, noting that the aircraft are expected to be back in service within four months.
Kenya Airways began the search for an investor in early 2024 under Project Kifaru, a long-term turnaround plan aimed at positioning the airline as a leading African carrier. However, industry-wide challenges including undercapitalization, regulatory shifts, and regional conflicts have slowed progress.
The airline has also struggled with supply chain disruptions and a surge in material costs, both of which have impacted maintenance schedules and slowed delivery timelines for new aircraft.
Beyond capital injection, Kenya Airways is also pushing ahead with its Pan-African airline initiative. Originally proposed as a joint venture with South African Airways, the concept aims to bring together multiple African carriers to improve regional connectivity and cut operating costs.
“We are still engaging with more partners for the Pan-African airline model. It remains a critical pillar in our vision to connect the continent more efficiently,” Kilavuka added.
During the roundtable, the airline’s leadership highlighted key milestones under Project Kifaru, reaffirming its focus on financial discipline, sustainability, and regional expansion.
Kilavuka acknowledged the media’s role in covering the airline’s journey, calling for continued factual and balanced reporting as Kenya Airways navigates an evolving global aviation landscape.
Kenya Airways is expected to provide an update on its investor search during its next quarterly briefing.
