Kenya Airways has unveiled a bold five-year investment plan worth up to $400 million (approximately KSh55 billion) aimed at expanding and modernizing its aircraft fleet to boost efficiency and competitiveness in the global aviation market.
Speaking during the airline’s Annual General Meeting in Nairobi, Group CEO Allan Kilavuka said the national carrier plans to grow its fleet from 34 to 53 aircraft by 2029. The funds will also be used to upgrade existing aircraft interiors, enhance passenger experience, and improve IT infrastructure.
“We have a fleet plan that talks to increasing the fleet from the current 34 to 53 aircraft in five years. In addition to that, we aim to modernize the existing fleet — especially the interiors — by installing Wi-Fi and other modern amenities. We also plan to improve our IT systems,” said Kilavuka.
However, the ambitious plan faces headwinds from a global aircraft shortage. Kilavuka revealed that although Kenya Airways had planned to acquire six Boeing 767s this year, only one has been delivered so far.
“There’s a huge shortage in aircraft globally. The delays are not in months or even a year — they stretch over two to three years. That significantly affects our rollout,” he added.
Kenya Airways Board Chairman Michael Joseph echoed Kilavuka’s concerns and emphasized the importance of securing a strategic investor to support the airline’s recovery.
“Finding a strategic investor for Kenya Airways is not easy. You look at our balance sheet, and it’s clear why. We need the government to endorse us and back us in this search,” said Joseph.
The airline is betting on this multi-billion shilling investment to help it emerge from years of financial turbulence and reclaim its position as a leading African carrier. But success will depend on overcoming industry-wide delays and securing much-needed government and investor support.
