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The Standard Group Plc is a
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Kenya Airways has signed a lease agreement with Turkish Airlines for one of its three Boeing 777-300 aircraft as part of cost-cutting measures. The airline said the aircraft has since been de-registered in Kenya and subsequently re-registered with the European carrier.
The sub-lease is part of KQ's strategy to cut costs through sub-leases and outright sales. This year alone, KQ has signed a sale agreement with Omni Air International (Omni) for two B777-200ERs and a sublease agreement with Oman Air for two B787-8s. Both B777-200ERs have since been delivered to Omni and the first of the two 787-8s was delivered to Oman Air at the beginning of April 2016.
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