Connect with us

Hi, what are you looking for?



Jambojet Suffers Losses nearing Sh1.2bn Owing to Virus

NAIROBI, Kenya, Sep 16-Coronavirus affected Jambojet’s performance with the airline reporting losses nearing Sh1.2billion in the three and a half months it was inoperational. 

The airline’s Acting Director Karanja Ngedwa revealed that the KQ’s subsidiary witnessed reduced earnings during the suspension of passenger flights between March and mid-July.

“Our monthly revenues are about Sh300 million so when we were grounded for the three and a half months, we lost about Sh1.1-1.2 billion shillings because we were at zero revenue,” said Ndegwa.

Ndegwa added that it is banking on the newly launched charter operations that will help the airline bounce back to profitability, targeting to generate over Sh400 million.

He added charter flights will address customer demands such as co-operate companies and families who want privacy while moving around their various destinations.

Since resumption, the airline said Mombasa continues to be its most profitable route before and after Kenya opened its skies to domestic and international flights in July and August.

“Mombasa has been the most profitable route since that is where we fly most of the time before COVID-19 and even after,” said Jambojet Head Of Sales and Marketing.

The carrier was targeting February 2020 to launch flights to Somalia, where it reveals that plans to fly there are currently on hold.

Jambojet is however optimistic of a near term rebound including the return of its flights to Entebbe and Kigali.

Advertisement. Scroll to continue reading.



Click to comment

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...


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


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


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


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