Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Jetlink is the second largest Kenyan owned carrier after Kenya Airways and 350 nationals stood to lose their jobs had the airline gone under/CFM

Kenya

Jetlink set for the skies again

Jetlink is the second largest Kenyan owned carrier after Kenya Airways and 350 nationals stood to lose their jobs had the airline gone under/CFM

Jetlink is the second largest Kenyan owned carrier after Kenya Airways and 350 nationals stood to lose their jobs had the airline gone under/CFM

NAIROBI, Kenya, Jan 3 – Jetlink will resume operations by the end of January after suspending its services for more than a month.

The airline’s Commercial Manager, Ephraim Kamonjoh, told Capital FM Business they have resolved their cash flow problems by consolidating finances.

More than Sh173 million of the company’s revenue from ticket sales has been tied up in South Sudan as they have been unable to convert it to US dollars.

Jetlink is the second largest Kenyan owned carrier after Kenya Airways and 350 nationals stood to lose their jobs had the airline gone under.

The airline flies twice a day, six times a week, to South Sudan’s capital, Juba, ferrying between 50 and 70 passengers each way.

Problems began in January when the South Sudan government ordered oil companies to cease production of crude oil accusing Sudan of stealing it.

Ninety-eight percent of South Sudan’s income comes from selling its oil.

The oil processing facilities are located in Sudan even as South Sudan got two-thirds of the oil fields when the nations split up.

Sudan’s president Omar al-Bashir and South Sudan’s president Salva Kiir, are expected to meet in Addis Ababa and hopefully bring the stalemate to an end.

In the nine months that led up to the firm suspending all its flights, the airline had been operating on credit facilities extended to it by Kenyan banks also operating in Sudan.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...