Kenya Airways seeks 737s from lessors

This story is sourced from

Kenya Airways is planning to expand is aircraft fleet through additional Boeing 737-800 deliveries.

The carrier currently operates five 737-800s on lease from GECAS, Pembroke, Baker & Spice, Titan while the remaining aircraft is owned by from Macquarie. All 737-800s leases expire between November 2014 and February 2017.

"Kenya Airways will be looking to acquire additional Boeing 737-800 aircraft from the lease market from 2013 onwards," it writes in its rights issue information memorandum issued in March.

The carrier says the Boeing Next Generation remain part of its medium-haul network.

Kenya Airways owns two 737-700s, but also has two 737-700s under lease agreements with GECAS and Investec. The operating leases expire in June 2015 and July 2016.

This year, Kenya Airways will take delivery of its fifth and final Embraer 190 in May. The carrier also has an order for 10 additional 190s with deliveries starting in August.

Kenya Airways' nine Boeing 787-8 deliveries start to deliver from October 2013 onwards. The 787s will replace Kenya Airways' 767-300ER leased fleet. The carrier has four aircraft of the type on lease from GECAS, scheduled to exit between May and August 2013.

In the final quarter of next year, Kenya Airways will also take delivery of the first of three 777-300ERs. Two aircraft are being leased from GECAS while one aircraft is purchased from Boeing.