AfricaNews editorial desk with additional files from Reuters
Kenya Airways bounced back to business this year with a pretax profit of 2.67 billion shillings [US$33,208,954.59] for its full year ended March. The Airways that made a loss of 5.66 billing shillings [US$70,398,008.61] in the previous year said the trend was due partly to a favourable foreign exchange rate.
"We are proposing a dividend of 1 shilling per share, which is the same as last year," Alex Mbugua, group finance director, told investors in a Reuters report.
He repeated that the company was in talks with Airbus over the purchase of Airbus 300-330s after delays with Boeing's Dreamliner planes.
"We should be able to make up our mind by the end of this calendar year," Kenya Airways Chief Executive Titus Naikuni said.
He said the firm planned to open nine new routes and increase the frequency of flights to some destinations like Kigali. It will also continue to modernize its fleet.
Kenya Airways is 26 percent owned by Air France-KLM.[/html
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