KAA shelves key projects as sources of revenue dry up
Wednesday, July 1, 2020 0:01
By GERALD ANDAE
KAA managing director Alex Gitari.
FILE PHOTO | NMG
The Kenya Airports Authority (KAA) has suspended some of its capital expenditure projects that had been slated for this financial year as the agency seeks to cut costs in the wake of Covid-19 that has impacted negatively on its income.
KAA managing director Alex Gitari said the agency is now working on cutting costs in the wake of reduced operations that have significantly eaten into their revenues.
KAA normally makes the bulk of its earnings from charges they levy airlines for parking and landing at the facility and also from rent that they collect from businesses that are based at the Jomo Kenyatta International Airport.
However, Mr Kenyatta last week gave an indication that he would be lifting restrictions on cessation of movement between counties in order to allow KQ to resume domestic flights in the next couple of days.
