wealthnote254
  • Home
  • News
    • Kenya
    • Africa
  • Business
  • Wealth Management
  • Personal Finance
  • Opinion
  • About Us
No Result
View All Result
SUBSCRIBE
Wealthnote254
  • Home
  • News
    • Kenya
    • Africa
  • Business
  • Wealth Management
  • Personal Finance
  • Opinion
  • About Us
No Result
View All Result
wealthnote254
No Result
View All Result
Home Kenya

Kenya Airways lost Kshs80 million during demonstrations against the Adani deal

David Wachira by David Wachira
September 24, 2024
in Kenya
0
Kenya Airways lost Kshs80 million during demonstrations against the Adani deal

Kenya Airways

2
SHARES
20
VIEWS
Share on FacebookShare on Twitter

Kenya Airways (KQ) suffered a substantial loss during a recent workers’ strike against the controversial government’s deal with India’s Adani Group over the JKIA takeover.

According to Kenya Airways CEO, Allan Kilavuka, the one-day strike led to at least Kshs80 million in operational costs and revenue loss.

ADVERTISEMENT

Kilavuka noted that the national airline incurred the loss due to compensation, rebooking of travelers’ flights, and cost of time as some flights were canceled or delayed following the strike.

ADVERTISEMENT

“Strikes are very bad for us. Not only are they disruptive and inconvenient to our customers, they are also very costly,” he noted.

On September 11, 2024,  Kenya’s aviation workers downed their tools over the unpopular government’s plan to become the national strategic asset to the India-based company. The strike left thousands of travelers stranded due to flight delays and cancellations.

ADVERTISEMENT

Apart from the JKIA, the demonstrations affected operations at other airports in Kenya, including Eldoret International Airport and Moi International Airport.

The Kenyan Aviation Workers Union’s call for its members to strike was informed by the revealed that the Adani Group intends to lay off local employees and bring in non-Kenyans.

However, the aviation workers agreed to call off the strike after talks with the government.

Deal Grilled

The Kenyan government has consistently reiterated that the Adani deal was just a proposal and that no formal agreement has been reached with the Indian company.

On September 23, 2024, Treasury Cabinet Secretary John Mbadi was grilled by the Senate Committee on Roads, Transportation, and Housing over the controversial deal.Mbadi was taken to task to reveal whether the government conducted due diligence to determine if the Adani company is corrupt or if any country has barred it.

The Jomo Kenyatta International Airport is one of the busiest airports in Africa. In 2022-2023, the airport handled over 8.8 million passengers.

Related: Strike at JKIA leaves Passengers Stranded and Flights Grounded

Share1Tweet1
ADVERTISEMENT
David Wachira

David Wachira

David Wachira is a seasoned writer and editor with more than a decade of practical experience covering various topics.

Related News

Access Bank gets Approval to Acquire National Bank of Kenya

Access Bank gets Approval to Acquire National Bank of Kenya

November 8, 2024
Standard Gauge Railway

Kenya seeks UAE funding for SGR after China Opts Out

January 16, 2025
Kenya set to Become the Singapore of Africa, US Ambassador

Kenya set to Become the Singapore of Africa, US Ambassador

July 22, 2024

Browse by Category

  • Africa
  • Banking
  • Budgeting and Saving
  • Financial Literacy
  • How-to
  • Investment
  • Kenya
  • Market
  • News
  • Opinion
  • Personal Finance
  • Wealth Management

ADVERTISEMENT

We bring you business, financial and investment news and tools. Join our Newsletter

CATEGORIES

  • Africa
  • Banking
  • Budgeting and Saving
  • Financial Literacy
  • How-to
  • Investment
  • Kenya
  • Market
  • News
  • Opinion
  • Personal Finance
  • Wealth Management

© 2025 wealthnote254 - All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenya
    • Africa
  • Business
  • Wealth Management
  • Personal Finance
  • Opinion
  • About Us

© 2025 wealthnote254 - All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?