December 03, 3019: Kenya Airports Authority (KAA) is planning to spend Sh350 million to renovate Wilson Airport in Nairobi, which caters mainly to domestic flights.
Kenya Civil Aviation Authority (KCAA) director general Gilbert Kibe mentioned a host of factors, which hinder the optimum functioning of the airport, necessitated the "comprehensive" renovation.
The fund will be utilised to repair the airport's runway, taxiway, apron along with other key infrastructure.
"Wilson Airport has grown to about one million passengers a year, though it was designed for half that number.
KCAA director-general Gilbert Kibe told the Business Daily that major works on the project will start once local firms with planes exceeding seven tonnes operating at Wilson Airport relocate to Jomo Kenyatta International Airport (JKIA).
Frequent air mishaps involving Wilson Airport-based light aircraft have been on the rise recently, exposing laxity in enforcing safety rules by relevant stakeholders.
November 19, 2019: Finally, Kenya’s National Treasury is planning to close the buyout of Kenya Airways (KQ) by the end of next year.
The buyout plan comes after the State House Kenya voted in July to nationalise the carrier and save it from mounting debts.
The airline has proposed a model similar to Emirates and Ethiopian Airlines, which operate as units of state-owned holding companies.
Under the model, KQ will become one of four subsidiaries in a state-owned aviation holding company.
KQ is 48.9 percent state-owned, 38.1 (lenders), 7.8 percent (Air France-KLM), 2.4 percent (Kenya Airways) employees, and 2.8 percent (individual investors).
The market valuation puts the lenders’ stake at Sh6 billion, Air France-KLM (Sh1.23 billion), Kenya Airways employees (Sh380 million) and investors (Sh443 million).
Varaha infra limited got a contract from the Airports Authority of India for the Development of New Greenfield Airport at Dholera, Ahmedabad.
This new greenfield airport will be capable of handling 1.5 million passengers per year after the completion of its Phase 1 in 2025 and has been designed to ultimately handle 50 million passengers per year after its final phase – see project information.
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September 9, 2019: Saudia Cargo has enhanced its presence in Europe and Africa by adding new freighter flights, as well as extra belly capacity in its passenger flights to cope with the seasonal demand.
Saudia Cargo has added a second additional weekly freighter flight to operate on Tuesday and Thursday to JFK Airport in New York via LGG Airport in Liege, Belgium by a 747-400F freighter aircraft.
It has also become the largest player in the Kenya-Europe market by adding four weekly freighter flights from Nairobi airport to Europe, taking the total number of flights per week to 11.
The company has also added an additional flight to Khartoum international airport in Sudan by a 777F aircraft.
In June this year, Saudia Cargo started flying on routes to Athens in Greece and Marrakesh, Morocco.
The airline flies to Athens year-round with four weekly flights from Riyadh on-board the belly-capacity of Saudia A-320 aircraft.
The global airport services market size is predicted to reach USD 232.88 billion by 2027, exhibiting a CAGR of 16.66% during the forecast period.
Moreover, the surge in air traffic passengers will incite the progression of airport services, which in turn, will aid the expansion of the market in the forthcoming years, states Fortune Business Insights in a report, titled "Airport Services Market Size, Share & COVID-19 Impact Analysis, By Type (International, and Domestic), By Application (Aeronautical Services, Non-Aeronautical Services), By Infrastructure Type (Greenfield Airport, Brownfield Airport), and Regional Forecast, 2020-2027" the market size stood at USD 172.19 billion in 2019.COVID-19 Impact Analysis:The emergence of COVID-19 has brought the world to a standstill.
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For instance, Hardeep Singh Puri, civil aviation ministry announced the investment of Rs 1 lakh crore in the airport infrastructure sector in the next five years.
