Kenya Airways has announced its intention to raise at least $500 million in additional capital by the first quarter of 2026 to fund a significant fleet expansion and modernization program. This plan aims to increase the airline’s fleet from 34 to 53 aircraft over the next five years.
The announcement comes after the airline reported a pre-tax loss of KES 12.17 billion ($94 million) in the first half of 2025, which was a reversal from a profit in the same period a year earlier. The loss was primarily attributed to three Boeing 787-8 Dreamliners being temporarily grounded for maintenance, which impacted revenue and passenger numbers.
Kenya Airways’ CEO, Allan Kilavuka, stated that the airline is working to have its full fleet back in service by 2026. The new funding is part of a broader strategy, known as “Project Kifaru,” which seeks to improve operational efficiency, expand capacity, and enhance shareholder value.
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